The quality of US economic data continues to deteriorate: The Current Population Survey response rate, which the BLS uses to calculate the unemployment rate, is down to 64%, the lowest on record. This is even lower than the brief drop seen during the 2020 pandemic. Since the start of 2020, the response rate has fallen ~30 points. To put this into perspective, the response rate was over 90% before 2012. In other words, fewer people are answering the survey the BLS uses to measure unemployment, labor force participation, full-time and part-time jobs, and other key metrics. As a result, labor market estimates are relying on less complete information and may be less accurate. What is happening here?