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The US is hiring staff to fix CPI reporting

Entertainment

Bloomberg is out with an interesting article, highlighting that the US Bureau of Labor Statistics — the agency responsible for preparing the CPI report – is hiring 25 price collectors.These people will go door-to-door to businesses and report on prices in various locations in the United States. There is a federal hiring freeze but the agency has been forced to perform a guessing game on pricing data because it’s understaffed.The jobs close in just a few days and that should help data quality collection in the months ahead.Then again, with starting pay at just $21.54 to $25.39 an hour, a hedge fund could do the funniest thing. This article was written by Adam Button at investinglive.com.