What does the bureau of labor statistics (bls) of the u.s. department of labor do? it
helps unemployed people find jobs
. it helps minorities assimilate in the workforce. it assists individuals in obtaining skills necessary to be competitive in the workforce.
What does the US Bureau of Labor Statistics do?
BLS is an independent national statistical agency that
collects, processes, analyzes, and disseminates essential statistical data for the public, Congress, other federal agencies
, state and local governments, business, and labor. BLS also serves as a statistical resource for the U.S. Department of Labor.
What does the Bureau of Labor Statistics BLS of the US Department of Labor do Brainly?
What does the bureau of labor statistics (bls) of the u.s. department of labor do? it
helps unemployed people find jobs
. it helps minorities assimilate in the workforce. it assists individuals in obtaining skills necessary to be competitive in the workforce.
What does the Bureau of Labor Statistics compute?
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 included in the Bureau of Labor Statistics employed category?
Employed persons consist of:
persons who did any work for pay or profit during the survey reference week
; persons who did at least 15 hours of unpaid work in a family-operated enterprise; and persons who were temporarily absent from their regular jobs because of illness, vacation, bad weather, industrial dispute, or …
What is meant by unemployment rate?
The unemployment rate is calculated by
expressing the number of unemployed persons as a percentage of the total number of persons in the labour force
. The labour force (formerly known as the economically active population) is the sum of the number of persons employed and the number of persons unemployed.
What is the importance of unemployment rate?
The unemployment rate is an
important indicator the Federal Reserve uses to determine the health of the economy when setting monetary policy
. Investors also use current unemployment statistics to look at which sectors are losing jobs faster. They can then determine which sector-specific mutual funds to sell.
Which medical career does it predict to be the highest in demand?
Among the fastest-growing health care occupations are
physician assistants
, nurse practitioners (52 percent job growth rate is predicted from 2019 to 2029; the quickest in the field) and occupational therapy assistants.
Is the US Bureau of Labor Statistics reliable?
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.
What important information can we learn from the Bureau of Labor Statistics?
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.
What is the labor force equal to?
The labour force is the sum of the number of persons employed and the number of persons unemployed. … The employment-to-population ratio is equal to
the labour force participation rate
after the deduction of unemployment from the numerator of the rate.
What determines if someone is in the labor force a person is in the labor force if that person is ?
The labor force is the number of people who are employed plus the unemployed who are looking for work. … To be considered part of the labor force, you must be
available, willing to work
, and have looked for a job recently. The official unemployment rate measures the jobless who are still in the labor force.
What criticisms exist about the way the unemployment rate is calculated?
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.
Are discouraged workers counted in the labor force?
Since discouraged workers are not actively searching for a job, they are considered nonparticipants in the labor market—that is, they are
neither counted as unemployed nor included in the labor force
.
What determines if a person is in the labor force?
The labor force is made up of
the employed and the unemployed
. The remainder—those who have no job and are not looking for one—are counted as not in the labor force. Many who are not in the labor force are going to school or are retired. Family responsibilities keep others out of the labor force.
What is the definition of a year round full time year round worker used by the BLS?
Workers are classified as year round if they
worked 50 to 52 weeks
. Part- year employment refers to workers who worked fewer than 50 weeks.
