What does BLS mean in STATISTICS
The Bureau of Labor Statistics (BLS) is an agency within the U.S. Department of Labor that collects and disseminates labor market-related statistics and data. BLS produces timely, reliable, relevant, and objective economic information on wages, prices, productivity, employment and safety to support critical policy decisions related to the labor market, workplace safety and wellbeing.
BLS meaning in Statistics in Academic & Science
BLS mostly used in an acronym Statistics in Category Academic & Science that means Bureau of Labor and Statistics
Shorthand: BLS,
Full Form: Bureau of Labor and Statistics
For more information of "Bureau of Labor and Statistics", see the section below.
Essential Questions and Answers on Bureau of Labor and Statistics in "SCIENCE»STATISTICS"
What does the BLS do?
The Bureau of Labor Statistics (BLS) collects and disseminates labor market-related statistics and data for use in support of policy decisions related to the labor market, workplace safety, wages, prices, productivity, and employment.
Are BLS data reliable?
Yes. All BLS data are produced using industry standard statistical practices to ensure accuracy and precision.
Who uses BLS data?
BLS data are used by government agencies at all levels in making policy decisions as well as by private sector organizations including businesses, employers' groups, unions and trade associations.
Where can I access BLS data?
The BLS website provides access to a wide range of current and historical labor market-related datasets that encompass both microdata (individual records) as well as aggregate data across various topics such as wages/compensation/benefits; unemployment; prices/costs; productivity; education/training; employment projections; strike/lockout activities among others.
What are some examples of recent reports released by the BLS?
In April 2021 alone the agency released several reports covering topics such as occupational fatalities in private mining in 2020; average hourly earnings including overtime for manufacturing production workers in March 2021; consumer price indexes for March 2021 among many others.
Final Words:
The Bureau of Labor Statistics (BLS) plays an important role in supplying reliable economic information necessary for making informed policy decisions related to the U.S labor market. It publishes multiple reports each month covering important topics such as wages/compensation/benefits; unemployment; prices/costs; productivity among others which can be accessed via its website or other resources such as media outlets like newspapers or radio channels.
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