US Labor Data Challenges Impact Economic Policy, No Immediate Crypto Effect

The U.S. Department of Labor’s Inspector General launched a review of the Bureau of Labor Statistics (BLS) data collection and reporting processes on September 11, 2023. This review comes as a result of significant downward revisions in job creation estimates over the past year, impacting economic strategies and potentially influencing monetary policy decisions. While no immediate impact on cryptocurrencies like Bitcoin or Ethereum is reported, market pressure mounts due to these data revisions.