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Statistics for Forecasters: BEA’s Underlying and Key Source Data

Statistics for Forecasters: BEA’s Underlying and Key Source Data

At 8:30 this morning, BEA released the December personal income and outlays report, and we learned that personal income increased 0.3 percent and real consumer spending (or personal consumption expenditures (PCE)) increased 0.3 percent in the final month of 2016. These estimates were prominently reported by the news media. Less than a half hour later, …

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Confidential Statistical Data Are Still Secure

Confidential Statistical Data Are Still Secure

As the new Trump administration assumes control of the federal government, there’s uncertainty about how well it will maintain the integrity of official statistics. Can we be assured that the government will protect the confidentiality of the data it collects from us for statistical purposes? Can we be assured that the reported statistics will be prepared independently and …

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