Falling Survey Response Rates Raise Questions About Reliability of Key Economic Data
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Former Fed economist Claudia Sahm expressed concern over reliability of inflation and jobs data due to declining survey response rates.
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Key stats like CPI and job openings have seen response rates fall from 60-70% in 2016 to 30-50% now.
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Falling response rates increase uncertainty about the economy and can cause volatile revisions.
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Sahm advises investors not to overreact to data shifts that "might not be real."
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Despite issues, government statistics still considered highest quality economic data available.