Bureau of Labor Statistics (BLS)

The Bureau of Labor Statistics (BLS) is a United States government agency under the Department of Labor that is responsible for measuring labor market activity, including employment, unemployment, and wages. The BLS also produces data on prices, productivity, and other economic indicators.

The BLS was established in 1910 as the United States Employment Service. In 1932, it was renamed the Bureau of Labor Statistics. The BLS is headquartered in Washington, D.C., and has regional offices in major cities across the country.

The BLS collects data from a variety of sources, including surveys of businesses and households. The BLS also produces data from administrative records, such as unemployment insurance claims and Social Security records.

The BLS publishes a variety of reports on the labor market, including the Employment Situation report, the Consumer Price Index, and the Producer Price Index. The BLS also publishes data on occupational employment and wages, and on the cost of living.

The BLS data is used by businesses, policymakers, and the general public to make informed decisions about the economy. The BLS data is also used by economists to study the labor market and the economy.

The BLS is an important source of information about the labor market and the economy. The BLS data is used by businesses, policymakers, and the general public to make informed decisions.