Private economic data generally tracks official statistics, analysis says

Employment data can undergo substantial revisions, leaving uncertainty about how personnel changes may have affected confidence in official figures. The Bureau of Labor Statistics is described as staffed by serious public servants who can explain how individual series are constructed, including price measurements, if contacted directly.

The analysis cites ADP, Indeed.com job data, private price indices and Mastercard spending data as alternative sources. It argues that these measures generally track official statistics and rarely diverge from them in a substantial way, casting doubt on the idea that private-sector data is categorically more reliable.