Bullshit Labor Statistics (Bureau of Labor Statistics or BLS nickname)

The U.S. Bureau of Labor Statistics (BLS) was established as the Bureau of Labor in 1884. Some of the statistics that it compiles include the consumer price index and unemployment rates. Critics of the BLS have complained that the Bureau frequently distorts its statistics to look more favorable to the administration it serves.
 
The BLS nickname “Bullshit Labor Statistics” has been cited in print since at least 2007. The BLS has also been called the “Bureau of Lies and Statistics.”
   
     
Wikipedia: Bureau of Labor Statistics
The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor. It is the principal fact-finding agency for the U.S. government in the broad field of labor economics and statistics. The BLS is a governmental statistical agency that collects, processes, analyzes, and disseminates essential statistical data to the American public, the U.S. Congress, other Federal agencies, State and local governments, business, and labor representatives. The BLS also serves as a statistical resource to the Department of Labor.
 
The BLS data must satisfy a number of criteria, including relevance to current social and economic issues, timeliness in reflecting today’s rapidly changing economic conditions, accuracy and consistently high statistical quality, and impartiality in both subject matter and presentation. To avoid the appearance of partiality, the dates of major data releases are scheduled more than a year in advance, in coordination with the Office of Management and Budget.
     
Gloom and Doom Report
Friday, August 3, 2007
HERE’S THE BLS NEWS! (BULLSHIT LABOR STATISTICS!)
Non farm employment…....92,000
Goods-producing ...-12,000
Construction .......-12,000
Manufacturing ......-2,000
   
Moneyandmore Forum
plumpjack
24 November 2009 05:43 AM
BLS - Bullshit Labor Statistics
 
Be John Galt
Peter Pan Economics
2010 February 6
by justrand
In 1955 a live broadcast of Peter Pan, with Mary Martin as Peter, mesmerized America.  The recording of this was re-broadcast annually, and I remember watching it as a kid.  At one point Tinkerbell is dying, and the only thing that can save her is if all the little kiddies watching clap their hands to show they believe in Tink.
Mary Martin comes right up the camera and urges all the kiddies to clap.  It is a sweet moment in the TV show…and as kids we always clapped.
 
Yesterday the Obama administration’s Bullshit Labor Statistics (BLS) board asked us all to clap…to show we believed.
 
Zero Hedge
Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low
Submitted by Tyler Durden on 02/03/2012 08:51 -0500
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COMMENTS
TruthInSunshine
Fri, 02/03/2012 - 11:20 | 2123246
Bullshit Labor Statistics (BLS) is doing its thang…