Bureau of Labor Statistics (BLS)
The Bureau of Labor Statistics (BLS) is a federal government agency that collects, analyzes, and disseminates economic data related to the labor market. It is part of the U.S. Department of Labor and is responsible for producing data on employment, wages, inflation, productivity, and other economic indicators. The BLS also produces data on occupational safety and health, consumer prices, and other topics. The BLS is the primary source of labor market information for the United States.
History of the Bureau of Labor Statistics
The BLS was established in 1884 as the Bureau of Labor. It was created to collect information on labor and industry in the United States. The first report was published in 1886 and included data on wages, hours, and working conditions. Over the years, the BLS has expanded its scope to include data on employment, wages, prices, productivity, and other economic indicators. Today, the BLS is the primary source of labor market information for the United States.
Comparison Table
| Year | Employment | Unemployment | Wages |
|---|---|---|---|
| 2020 | 145.2 million | 6.7% | $22.33/hr |
| 2019 | 146.6 million | 3.7% | $22.65/hr |
| 2018 | 148.2 million | 3.9% | $22.59/hr |
Summary
The Bureau of Labor Statistics (BLS) is a federal government agency that collects, analyzes, and disseminates economic data related to the labor market. It is the primary source of labor market information for the United States. The BLS was established in 1884 and has since expanded its scope to include data on employment, wages, prices, productivity, and other economic indicators. For more information about the BLS, visit the official website at https://www.bls.gov/.
See Also
- Employment Cost Index (ECI)
- Consumer Price Index (CPI)
- Producer Price Index (PPI)
- Job Openings and Labor Turnover Survey (JOLTS)
- Current Employment Statistics (CES)
- Occupational Employment Statistics (OES)
- National Compensation Survey (NCS)
- Quarterly Census of Employment and Wages (QCEW)
- Employment Projections (EP)
- National Longitudinal Surveys (NLS)
