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Title: Economic Statistics, BLS Budget Cuts Said AFfecting Major Data on Employment, Prices, Boskin Initiative
Resulting in 1 citation.
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Bureau of National Affairs |
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Economic Statistics, BLS Budget Cuts Said AFfecting Major Data on Employment, Prices, Boskin Initiative Daily Report For Executives, November 19, 1992, Regulation, Economics and Law; 224 Cohort(s): NLS General, NLSY79 Publisher: Bureau of National Affairs, Inc. Keyword(s): Bureau of Labor Statistics; Longitudinal Data Sets; Longitudinal Surveys Permission to reprint the abstract has not been received from the publisher. The Labor Department's Bureau of Labor Statistics is implementing spending cuts mandated by congressional budget actions that will affect major economic data programs for some time to come, according to BLS acting Commissioner William Barron Jr. At a time when labor market data are under intense scrutiny from policy-makers and private analysts, Barron said in a Nov. 18 interview, the bureau has no alternative but to reduce spending on major data series and halt plans for improving some indicators. Many initiatives to improve data programs--including principal economic indicators on employment and prices--are being dropped or postponed indefinitely. Two data series will be eliminated by BLS because funding for them was not provided in the appropriations bill, Barron said. Data collection will stop shortly for the mass layoff/plant closing report, which has had a shaky development from its start in the mid-1980s. The other data series that has been eliminated measures foreign direct investment in the United States. Other budget highlights announced by BLS include: A restructuring of the national longitudinal survey that will reduce data collection efforts from annual to every other year for the youth cohort followed in the series. |
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Bibliography Citation
Bureau of National Affairs. "Economic Statistics, BLS Budget Cuts Said AFfecting Major Data on Employment, Prices, Boskin Initiative." Daily Report For Executives, November 19, 1992, Regulation, Economics and Law; 224. |