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Bureau of labor statistics

Job growth hasn't been as strong as we thought. But it's still growth.

by Caleigh Wells
Aug 21, 2024
The Bureau of Labor Statistics reduced its initial count of new jobs between March 2023 and March 2024 by more than 800,000.
U.S. job growth between early 2023 and early 2024 was almost 30% lower than originally reported.
Michael M. Santiago/Getty Images
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How many jobs are being gained or lost due to AI? There are some clues.

by Mitchell Hartman
Jun 7, 2024
The Bureau of Labor Statistics' monthly survey doesn't track jobs added or subtracted due to AI – at least not yet.
Axel Heimken/AFP via Getty Images
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How did the closely watched jobs report get its start?

by Mitchell Hartman
Jun 6, 2024
The survey of employers was created to help answer puzzling questions about labor.
It wasn't until the recession of 1913-1914 that the Bureau of Labor Statistics began regular surveys of employers.
Joe Raedle/Getty Images
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Steady hiring and quitting rates may be a sign that workers are staying put

by Stephanie Hughes
Jun 4, 2024
The data suggest the job market could be returning to more normal times after an exceptional period of hiring new employees.
The April JOLTS report is a sign the economy is coming back to a very good job market. It's just not the once-in-a-lifetime market of 2021 and 2022, says economics professor Ethan Struby of Carleton College.
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U.S. productivity is up for the third quarter in a row. What does that mean?

by Samantha Fields
Feb 1, 2024
Rising productivity makes possible rising living standards over time.
One way to think about productivity is the total amount of income the economy is generating per hour, says Heidi Shierholz at the Economic Policy Institute.
Justin Sullivan/Getty Images
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How are health insurance costs reflected in inflation calculations?

by Meghan McCarty Carino
Nov 13, 2023
To make the CPI’s health care component more accurate, the Bureau of Labor Statistics changed how it uses health insurance data.
Rather than tracking health insurance premiums, the BLS tracks how much health insurance companies retain of the premiums they receive after paying for services.
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Wage growth cools in October

by Mitchell Hartman
Nov 3, 2023
Average hourly earnings rose 4.1% year-over-year in October; the rate peaked near 6% in March 2022. The slowdown in wage growth is helping the Fed wrestle inflation lower.
The rate of average hourly earnings growth slowed in October, which is exactly what the Fed hopes might further cool inflation.
Chris Graythen/Getty Images
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In Louisiana, Maryland and North Dakota, unemployment is at record lows

by Elizabeth Trovall
Sep 28, 2023
The U.S. job market as a whole continues to hum along.
An economist in North Dakota said many restaurants in Fargo stay closed on Sundays and Mondays due to inadequate staffing.
Frederic J. Brown/AFP via Getty Images
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A government shutdown would stifle flow of economic data

by Savannah Peters
Sep 21, 2023
The threat comes just when the Federal Reserve really needs a clear picture of how the economy is doing.
The Federal Reserve relies on government-produced data to make monetary policy. Above, Chair Jerome Powell.
Chip Somodevilla/Getty Images
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Why inflation runs hottest in the Mountain West

by Savannah Peters
May 9, 2023
Last month, the CPI pegged area inflation at 6% year-over-year, a whole percentage point higher than the national average.
The cost of housing accounts for a third of the CPI. With the flexibility of remote work, many people have moved to the Mountain West, raising prices for locals.
Chip Somodevilla/Getty Images
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