Bureau Of Labor Statistics - BLS

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DEFINITION of 'Bureau Of Labor Statistics - BLS'

A government agency that produces economic data that reflects the state of the U.S. economy. This data includes the Consumer Price Index, the unemployment rate and the Producer Price Index.

INVESTOPEDIA EXPLAINS 'Bureau Of Labor Statistics - BLS'

This arm of the U.S. Department of Labor researches and publishes a range of data, from inflation and consumer spending to employment, productivity and wages, as well as other economic measures. These reports can have a significant effect on market sentiment.

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RELATED FAQS
  1. How is the basket of goods selected for the Consumer Price Index?

    In the United States, the inflation level in the economy is approximated by the Bureau of Labor Statistics via a basket of ... Read Full Answer >>
  2. How does the Federal Government track the business cycle?

    There are several business cycles that impact federal government. Tax revenue is dependent on the business cycles of small ... Read Full Answer >>
  3. What area of the consumer price index (CPI) should I use if there is no CPI for the ...

    The consumer price index (CPI) is a common metric used to track and monitor price changes for frequently purchased consumer ... Read Full Answer >>
  4. How are taxes treated in the consumer price index (CPI)?

    The answer to the question of how taxes are treated in the Consumer Price Index, or CPI, relates to the overall questions ... Read Full Answer >>
  5. What are some limitations of the consumer price index (CPI)?

    The consumer price index, or CPI, is considered one of the most fundamental and critically important economic indicators, ... Read Full Answer >>
  6. Can the consumer price index (CPI) for individual areas be used to compare living ...

    The Consumer Price Index, or CPI, for an individual area cannot be used to compare living costs among different areas of ... Read Full Answer >>
  7. Is the consumer price index (CPI) a cost of living index?

    The consumer price index (CPI) is not a proper cost of living index, even though it is often referred to and utilized as ... Read Full Answer >>
  8. What's the average salary of a bank teller?

    The Bureau of Labor Statistics' Occupational Outlook Handbook states that in 2012, the median wage for a bank teller was ... Read Full Answer >>
  9. What's the average salary of a loan officer?

    Loan officers review loan applications and analyze an applicant's finances to determine who is eligible for a loan, but they ... Read Full Answer >>
  10. What's the average salary of an audit clerk?

    Audit clerks, along with bookkeepers and accountants, earn an average salary of $35,170 per year, which is the equivalent ... Read Full Answer >>
  11. Is the Bureau of Labor Statistics accurate?

    The Bureau of Labor Statistics is an agency of the U.S. government, which gathers and processes statistical information about ... Read Full Answer >>
  12. Where is cost of living lowest in the world?

    Using almost any measure, parts of India have the lowest cost of living in the world. India occupies the first 10 spots on ... Read Full Answer >>
  13. What are the top-paying jobs according to the Bureau of Labor Statistics?

    According to the Bureau of Labor Statistics figures from 2012, the most recent statistics available as of September 2014, ... Read Full Answer >>
  14. Where is the Bureau of Labor Statistics located?

    As of 2014, the Bureau of Labor Statistics is located at the Postal Square Building at 2 Massachusetts Ave., N.E. Washington ... Read Full Answer >>
  15. Who runs the Bureau of Labor Statistics?

    The Bureau of Labor Statistics is part of the U.S. Department of Labor. The BLS is the primary federal government agency ... Read Full Answer >>
  16. How does the Bureau of Labor Statistics define contingent workers?

    Contingent workers, as generally defined by the Bureau of Labor Statistics, are "persons who do not expect their jobs to ... Read Full Answer >>
  17. When was the Bureau of Indian Affairs created?

    Formed on March 11, 1824, the Bureau of Indian Affairs is the oldest operating bureau within the United States Department ... Read Full Answer >>
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