Getting accurate economic data is tougher than it sounds. Hassett's been putting in serious work to make sure the Bureau of Labor Statistics numbers hold up—because let's be real, the market doesn't just react to what happens, it reacts to what the data says happened.

Why does this matter? When BLS figures are sketchy, it throws a wrench into everything. Policy makers make calls based on those numbers. Traders position based on those numbers. The whole confidence in the system gets shaky. Especially now, when we're watching inflation trends, employment shifts, and economic cycles—every data point feeds into what comes next for asset prices.

For crypto markets specifically, solid labor statistics help anchor macro narratives. When employment data is reliable, it's easier to read the Fed's next move. When it's questionable? That's when fear creeps in, volatility spikes, and everyone's hedging harder. The reliability of these numbers directly influences how institutions and retail traders structure their portfolios across assets.

So yeah, the push for cleaner data isn't just bureaucratic fussiness—it's foundational stuff. Better numbers mean better signals. Better signals mean smarter positioning.