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Katharine Abraham comments on Misleading Economic Data during COVID-19 on The New York Times

The tools we have to understand what is happening to the economy are becoming distorted or harder to interpret.
Katharine Abraham comments on Misleading Economic Data during COVID-19 on The New York Times

Neil Irwin, a senior economics correspondent writing for The New York Times, where he writes for The Upshot, published an article questioning the reliability of the economic data collected and published by the government during the COVID-19 pandemic.

Irwin considers that when the Bureau of Labor Statistics ceased the in-person survey and data collection from household to household since March 20th, 2020, the response rate from American households has seen a significant drop. According to Faculty Associate Katharine Abraham, professor at UMD Department of Economics, "These data collectors are very professional people, and they will be doing everything they can to reach out to these households.'' Abraham added, "But they’re handicapped if they can’t go out and knock on the door."

See the complete story at The New York Times