Episode 1787 • • 1:57:43 - 2:07:46
1787: O.G. Daffy
Steve Liesman CNBC, Jobs Data Revision Controversy
CNBC's Steve Liesman defended the Bureau of Labor Statistics (BLS) against charges of politicization, arguing that job revisions are a routine part of data collection. Conversely, economist Kevin Hassett pointed out that the recent revisions are the largest since 1968, rendering the data unreliable for policy decisions. The segment concludes that government data across all sectors, including climate and employment, has become increasingly untrustworthy.