The Labor Department's internal watchdog on Wednesday announced an audit into the challenges faced by the Bureau of Labor Statistics (BLS) in collecting data for its inflation and labor market reports.

The Labor Department's Office of Inspector General wrote to BLS acting Commissioner William Wiatrowski to inform the agency that the IG's office is "initiating a review of the challenges that Bureau of Labor Statistics encounters collecting and reporting closely watched economic data."

In the letter, the IG noted that the BLS announced reduced data collection activities for the consumer price index (CPI) and producer price index (PPI). It added that the BLS "recently issued a large downward revision of its estimate of new jobs in the monthly Employment Situation Report."

President

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