Why Is The Bureau Of Labor Statistics Credible?

by | Last updated on January 24, 2024

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We provide accurate information that reflects the current state of our economy . We publish reports that reflect important events and conditions in our society. We employ highly trained professionals and pursue the most modern survey methods and technologies. We provide factual information.

Is the US Bureau of Labor Statistics a credible source?

The U.S. Bureau of Labor Statistics collects, analyzes, and publishes reliable information on many aspects of our economy and society. We measure employment, compensation, worker safety, productivity, and price movements.

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 the Bureau of Labor Statistics updated?

How often is this survey 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.

Where does BLS data come from?

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 .

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 is being unemployed different from not being in the labor force?

People with jobs are employed. People who are jobless, looking for a job, and available for work are unemployed. The labor force is made up of the employed and the unemployed. People who are neither employed nor unemployed are not in the labor force.

Which countries currently have the highest unemployment rates?

Characteristic rate Burkina Faso 77% Syria 50% Senegal 48% Haiti 40.6%

How often is ooh updated?

The 2014–24 Employment Projections The 10-year projections of industry and occupational employment are revised every 2 years . The Employment Projections news release issued on December 8, 2015, covering the 2014–24 projections is available at www.bls.gov/news.release/ecopro.toc.htm.

Why do we need Labour statistics?

For the United States, the Bureau of Labor Statistics (BLS) produces vital information about jobs and unemployment, wages, working conditions, and prices . A part of the Department of Labor (DOL), the BLS is the second largest, and oldest, statistical agency within the Federal government.

Which state has the highest unemployment rate?

Rank Rank (50 states) State federal district or territory 1 1 Nevada 2 2 Michigan 3 3 Hawaii 4 4 Rhode Island

What US state has the lowest unemployment rate?

Nebraska and Utah had the lowest jobless rates, 2.3 percent and 2.6 percent, respectively. In total, 23 states had unemployment rates lower than the U.S. figure of 5.4 percent, 13 states and the District of Columbia had higher rates, and 14 states had rates that were not appreciably different from that of the nation.

What is California's unemployment rate right now?

SACRAMENTO – California's unemployment rate remained at 7.6 percent in July as the state's added 114,400 non-farm payroll jobs 1 , according to data released today by the California Employment Development Department (EDD) from two surveys.

What is the #1 job in healthcare?

Health care jobs dominate, with physician assistant claiming the No. 1 spot.

What is the easiest medical job?

  • Phlebotomy Technician. We'll kick off this list of great jobs with a career in phlebotomy. ...
  • Medical Transcriptionist. ...
  • Physical Therapy Assistant. ...
  • Nursing Assistant. ...
  • Medical Secretary. ...
  • Radiology Technician. ...
  • Home Health Aide. ...
  • Occupational Therapist Aide.

What is the highest paying medical job?

  • Anesthesiologist – $271,440.
  • Physician and Surgeon – $208,000.
  • Nurse Anesthetist (CRNA) – $189,190.
  • Pediatrician – $ 184,570.
  • Dentist – $164,010.
  • Podiatrist – $134,300.
  • Chief Nursing Officer – $132,552.
  • Pharmacist – $128,710.
Rachel Ostrander
Author
Rachel Ostrander
Rachel is a career coach and HR consultant with over 5 years of experience working with job seekers and employers. She holds a degree in human resources management and has worked with leading companies such as Google and Amazon. Rachel is passionate about helping people find fulfilling careers and providing practical advice for navigating the job market.