Bureau of Labor Statistics: The Source of Labor Market Data
Key Facts and Statistics
The Bureau of Labor Statistics (BLS) is a pivotal entity within the Federal Government, serving as the primary source of factual information on the labor market and economic statistics. It conducts surveys and gathers data on a wide range of labor-related topics, including:
- Labor force and employment
- Unemployment
- Earnings and wages
- Benefits and unionization
- Consumer prices
Labor Market Data
The BLS's data is essential for policymakers, researchers, and the public to understand the current state of the labor market and make informed decisions. The Current Population Survey (CPS) is a monthly household survey that provides data on labor force participation, employment, and unemployment. The American Time Use Survey (ATUS) collects information on how Americans spend their time, including work, leisure, and other activities.
Consumer Price Index (CPI)
The CPI is a widely-used measure of inflation that tracks the average change in prices paid by urban consumers for a basket of goods and services. The CPI is a key indicator of the purchasing power of consumers and the health of the overall economy.
Recent Developments
The BLS is currently exploring significant changes to the format of its news releases with the goal of enhancing readability and accessibility. The agency is committed to providing high-quality data and analysis in a user-friendly and informative manner.
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