Table of Contents
Is Bureau of Labor Statistics accurate?
The U.S. Bureau of Labor Statistics collects, analyzes, and publishes reliable information on many aspects of our economy and society. Accurate and timely – We provide accurate information that reflects the current state of our economy.
What does the Bureau of Labor Statistics determine?
In addition to estimating the number of employed people, the survey collects information about the job characteristics of the employed. For example, the survey gathers and provides data about workers’ industry and occupation, hours worked, usual earnings, and union membership.
Who is unemployed based on the Bureau of Labor Statistics?
In Bureau of Labor Statistics publications, the long-term unemployed are those who meet the Current Population Survey definition of unemployed and whose unemployment has lasted for 27 continuous weeks or more.
How often does the Bureau of Labor Statistics release job and unemployment data?
* The Employment Situation report is typically released on the third Friday after the conclusion of the reference week, i.e., the week which includes the 12th of the month.
How often is the Bureau of Labor Statistics 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.
How does the US Bureau of Labor Statistics gather information?
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.
Are unemployed part of the labor force?
The labor force is the sum of employed and unemployed persons.
WHO reports the official US unemployment rate how frequently is the survey that determines unemployment released?
The unemployment rate announced by the U.S. Bureau of Labor Statistics each month is based on the Current Population Survey (CPS), which has been carried out every month since 1940. Great care is taken to make this survey representative of the country as a whole. The country is first divided into 3,137 areas.
How often is the unemployment rate released?
When Are the Data Released? The data are released monthly for all areas. See the release schedule for dates when the data are available. Early each year, these data are revised for the previous three to five years.