Senior economists say that the quality of data is at risk as the federal workforce shrinks

The Ministry of Governmental efficiency at Elon Musk may have completed a lot of its agenda to reduce costs, but the effects of its ripples are still tangible. Mark Zandy, the chief economist in MOODY analyzes, risks deeper risks from the workforce discounts in Dog: Reducing jobs in federal statistical agencies already eating government data quality –A sign of more long -term consequences for public services.

Zandy told me: “Government workers have important important jobs to provide important taxpayers.” “If the jobs are reduced and these services are not provided or are not provided in time and efficiency, there may be great negative repercussions.”

Regarding the quality of the data, the issuance of the BLS report last week last week led to a severe scrutiny. President Trump on August 1 Shooting From Erika Minarker, Bls Commissioner.

According to BLS, July Employment report Only 73,000 new jobs showed, while job gains from May and June were sharply revised to 258,000. This raised the average monthly number of salaries for three months to only 35,000, compared to 123,000 in the previous year.

However, Zandi refers to DOGE discounts as a major motor for these reviews: Manpower discounts means that salary data from agencies often arrive late, which leads to great corrections after reality.

Zandy said: “This was not important when government workers were stable, but now after government jobs drop, cuts are captured in reviews,” Zandy said.

The influence extends to the statistical agencies themselves; He said that the teams suffering from employee deficiency are fighting to process employment data immediately, which in turn causes larger subsequent reviews. Investing in reliable data and people who collect them is a basis for smart decisions and economic flexibility, according to Zandi.

In times of uncertainty, the value of good data cannot be exaggerated: it is an indispensable compass for leaders.

Sherrill Istra
Sheryl.strada@fortune.com

Leaders

Vibah Agarawal He was promoted to the financial manager Ringcentral, Inc. (NYSE: RNG), works with business -working business, immediately effective. Agarwal, who has been with Ringcentral since 2016, will succeed Abhey Lamba, who will continue to work as an executive consultant at the end of the year. Agarwal had a nine -year period in previous roles as deputy financial director, head of transformation, and head of accounting.

Jennifer Fall Young Financial Director and Secretary have been appointed Warehouse Holdings, Inc. (NASDAQ: SPWH), as of August 18. Fall Jung Jeff White, who will work in a consulting role to help move until September 9. Fall Jung has more than 25 years of experience, and previously works as EVP and CFO for DuckHorn and Inc. CFO of Funko, and Inc. , It is a public consumer commodity company. Before this role, play a variety of roles in The Gap, Inc. , Including the financial manager and SVP from Old Navy Global stores and online.

A big deal

Digital fluctuation of technology teams is no longer only. “We are all skeptical now: building digital skills for the future”, ” McKinsey reportLooking at how to collectively increase technology skills for companies.

“Now more than ever, for institutions to perform at their best, all employees need to be technicians,” according to Machinezi. This includes executives, who must become more technology because business leaders are increasingly bearing the responsibility for offering technology -supporting products. Do this requires a broader technical basis and stronger throughout the organization.

MCKINSEY defines new ways to enhance employees’ technical skills to improve productivity and performance, as well as maintain higher talents.

deepen

“How Aravind Srinivas has turned into an artificial intelligence to a potential Google killer of $ 18 billion” A luck Article feature By Jeremy Khan.

“The Google share of the search movement decreased to less than 90 % at the end of 2024, according to data from Statcountter, the first time that this threshold decreased 15 years ago,” he writes. The main driver of these traffic changesAl -Hujir was a pioneer in many of the features of the artificial intelligence research by Google and Openai recently.

“Google may now have to dance at a tune of confusion again. The startup company has just launched a web browser of artificial intelligence called COMET can represent The biggest shift in how we interact with the Internet Since Netscape spread the graphic web browser in the mid -1990s. ”

Hearing

Our upward view is that investors still do not fully appreciate the wave of growth in the horizon of $ 2 trillion of spending over the next three years from institutional and government spending on artificial intelligence technology and its use. “

– Technology analysts wrote at Wedbush Securities in an industrial note on Tuesday.