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The US Bureau of Labor Statistics (BLS) stated in its employment report on Friday that it no longer plans to reduce the sample size of key labor market surveys, as the recently passed sustainability resolution "allows BLS to use funds from current population surveys (CPS, also known as household surveys) at a faster pace. BLS Commissioner Erika McEntarfer first announced plans to reduce the sample size in June this year, citing budget constraints and declining response rates as making surveys more expensive and difficult to conduct. The plan will reduce 5000 households starting from early 2025, bringing the total number to 55000. BLS received approximately $700 million in funding during the fiscal year that just ended in September. The advocacy group "Friends of BLS" and former White House economist recently urged lawmakers to increase funding by approximately $20 million for fiscal year 2025, but current proposals in the House and Senate are far from meeting this requirement.
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