Table of Contents
Are BLS statistics accurate?
The statistical reliability of the BLS wage data is adequate for most metropolitan and non-metropolitan areas (at least 90 percent of areas). For a small proportion of areas, the BLS data are not as reliable.
How often is BLS updated?
BLS conducts quarterly wage and benefit updates over a 6-week period for the pay period that includes the 12th day of the month for March, June, September, and December.
Which medical career does it predict to be the highest in demand?
Occupational Therapy Assistant – With an expected growth of 35 percent through 2029, occupational therapy assistants are one of the most in-demand careers in healthcare.
How does BLS get salary data?
The EDD/Labor Market Information Division in partnership with the United States Bureau of Labor Statistics (BLS) collects employment and wages data through the Occupational Employment and Wage Statistics (OEWS) and Quarterly Census of Wages (QCEW) programs.
Is the US job market expected to grow?
Employment is projected to increase by 11.9 million jobs from 2020 to 2030. Employment is projected to grow from 153.5 million to 165.4 million jobs from 2020 to 2030. Pandemic recovery and growth in healthcare-related occupations are expected to account for a large share of projected job growth.
How often is CPI reported?
The U.S. Bureau of Labor Statistics (BLS) reports the CPI on a monthly basis and has calculated it as far back as 1913. It is based upon the index average for the period from 1982 through 1984 (inclusive), which was set to 100.
What time will jobs report be released?
Schedule of Releases for the Employment Situation
| Reference Month | Release Date | Release Time |
|---|---|---|
| November 2021 | Dec. 03, 2021 | 08:30 AM |
| December 2021 | Jan. 07, 2022 | 08:30 AM |
| January 2022 | Feb. 04, 2022 | 08:30 AM |
| February 2022 | Mar. 04, 2022 | 08:30 AM |
What are 2 things that you could find out from the Occupational Outlook Handbook?
The Occupational Outlook Handbook (OOH) provides information on what workers do; the work environment; education, training, and other qualifications; pay; the job outlook; information on state and area data; similar occupations; and sources of additional information, for 324 occupational profiles, covering about 4 out …
Is the Occupational Outlook Handbook a credible source?
Completely revised every 2 years, the Occupational Outlook Handbook is a comprehensive, up-to-date, and reliable source of career information.
How long are the BLS projections for the US?
The BLS discussed that their projections have 10 years span. The current projections cover the 2012—2022 decade. The analysis underlying the BLS employment projections focuses on long-term structural change and growth; and assumes a full employment economy in the target year.
Does the BLS project recessions?
Since recessions can cause long-term structural change, they may impact the projections. However, BLS does not project recessions. One difficult assignment the Bureau of Labor Statistics is tasked with is forecasting employment rates a decade in advance.
What do the BLS reports tell us?
According to information website Investopedia, much of what the BLS releases are reports about activity that has already transpired, such as the unemployment rate, the consumer price index, and the producer price index. These reports are generated based on a relatively small sample size.