Reposted by @gabrielmathy.bsky.social
BLS this morning, with revised 2Q data: "The labor share, which is the percentage of output that accrues to workers in the form of compensation, was 52.8 percent in the second quarter of 2026, the lowest level in the series, which begins in the first quarter of 1947."
![Trump’s administration escalated its assault against the BLS on Tuesday after it revised down its estimates of payroll employment in the year to March 2025 by more than 900,000 jobs. White House press secretary Karoline Leavitt said the revision underlined the need for “truthful and honest data” and added that “the BLS is broken”.
On Wednesday the labour department’s Office of Inspector General announced it was launching a probe into “challenges that [BLS] encounters collecting and reporting closely watched economic data”.
Joe Brusuelas, chief economist at consultancy RSM, said the controversy surrounding the BLS would “increase demand for private label data, which will over time create a widening gap between the haves and the have-nots”.](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:u3smqiqgoclp6fi3qbkrgjwd/bafkreie3x4uclq7msznulgc7s6iy5hu35w2xfpgzhbflrn4qb3umlmqrce)
