Скачать или смотреть Justin Wolfers: Shutting the Government and Gutting Statistical Agencies Puts Our Economy at Risk

Velshi, MSNBC, October 5 2025

What happens when a president fires the stats referee mid-game?

Justin Wolfers and Ali Velshi unpack why a leaderless Bureau of Labor Statistics matters for markets, monetary policy, and the health of democratic institutions. They explore the problems of guiding an economy through a data-free fog during a government shutdown. And Wolfers explains how ADP and BLS data differ, why nonfarm payrolls remain the gold standard, and why vacancies and politicized appointments threaten the integrity of numbers everyone—from journalists to the Fed—relies on.

Topics covered:
• Why nonfarm payrolls are the best single snapshot of the labor market
• How ADP’s early read can diverge and later get revised
• Why the BLS needs a qualified, nonpartisan commissioner
• How leadership vacuums weaken federal statistical capacity
• The role of timely data in interest-rate decisions

Undermining trusted statistics can ripple into higher borrowing costs, weaker markets, and poorer policy for millions.

👉 Key takeaway: Stable, credible statistics are infrastructure for the economy—protect them.

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