How does the Bureau of Labor Statistics get their data?

How does the Bureau of Labor Statistics get their data?

Bureau of Labor Statistics (BLS) field economists are extensively trained and given detailed instructions on data collection techniques. They employ a variety of methods, including personal visits, mail, telephone, and email, to obtain data from Occupational Requirements Survey (ORS) respondents.

How often does the Bureau of Labor Statistics produce data on unemployment?

The Local Area Unemployment Statistics (LAUS) program publishes monthly estimates of employment and unemployment for approximately 7,300 areas, including all states, counties, metropolitan areas, and cities of 25,000 population or more, by place of residence.

What is unemployment How can we measure it?

Unemployment is measured in order to determine the unemployment rate. The rate is a percentage that is calculated by dividing the number of unemployed individuals by the number of individuals currently employed in the labor force.

Why is full employment not the same as zero unemployment?

Full employment is not the same as zero unemployment because there are different types of unemployment, and some are unavoidable or even necessary for a functioning labor market. As a result, the supply of labor can exceed the demand for it, and structural unemployment arises.

Where does US Bureau of Labor Statistics gather information?

Instead of collecting primary source data through surveys or censuses, EP relies predominantly on publicly available data that are produced by other BLS programs and other government offices. In addition, BLS uses data accessed through a contract with Macroeconomic Advisers by IHS Markit.

What are criticisms of the official unemployment rate?

The unemployment rate as it is measured officially is often criticized for understating the level of joblessness because it excludes anyone working at all or people who aren’t looking for work. In particular, the official unemployment rate leaves out discouraged workers and the underemployed.

What does the Bureau of Labor Statistics measure?

The Bureau of Labor Statistics measures labor market activity, working conditions, price changes, and productivity in the U.S. economy to support public and private decision making. If playback doesn’t begin shortly, try restarting your device.

What are the characteristics of BLS data?

Gold-standard data: BLS data are accurate, objective, relevant, timely, and accessible. See the Information Quality Guidelines for more information. Customer service: Our staff of experts can answer your questions.

Who is the Commissioner of the Bureau of Labor services?

Our Commissioner is nominated by the President, confirmed by the Senate, and serves a 4-year fixed term. The Commissioner is the only political appointee at BLS. The current Commissioner is William W. Beach.