How does the Bureau of Labor Statistics work?
How does the Bureau of Labor Statistics work?
The United States Department of Labor has a division called the Bureau of Labor Statistics (BLS). It functions as a key agency of the U.S. Federal Statistical System. It is the primary fact-finding body for the federal government of the United States in the broad field of labor economics and statistics.
About:
- Headquarters: United States, Washington, D.C.
- Established: June 27, 1884
- 250 employees
- Executives of the United States Agency include William J. Wiatrowski, Deputy Commissioner, and Commissioner William Beach.
Notes:
- The Monthly Labor Review, a periodical published by the BLS since 1915, contains articles regarding the methods and data used in labor statistics.
- The Bureau of Labor Act (23 Stat. 60), passed on June 27, 1884, created the Bureau of Labor within the Department of the Interior with the purpose of gathering data on employment and labor.
- The Postal Square Building, which is close to the US Capitol and Union Station, houses the BLS’s current headquarters.
- A variety of requirements, including relevance to contemporary social and economic challenges, must be met by the BLS statistics.
The BLS also conducts research into how much a family should earn in order to maintain a respectable level of life and acts as a statistical resource for the US Department of Labor. - The timing of significant data releases is planned in conjunction with the Office of Management and Budget more than a year in advance to avoid the impression of prejudice.
- A commissioner oversees the BLS, and they are in office for a tenure of four years. William W. Beach, who took over on March 28, 2019, is the most recent Commissioner of Labor Statistics. On March 13, 2019, the Senate of the United States approved Dr. William Beach.