Since Monday is Labor Day here’s a look at the federal department that was created to study labor and give the American people statistics.
The Bureau of Labor Statistics is an agency of the U. S. Department of Labor. It is the principal fact-finding agency in the broad field of labor economics and statistics and serves as part of the U.S. Federal Statistical System. The Bureau of Labor Statistics collects, calculates, analyzes and publishes data essential to the public, employers, researchers and government organizations.
Mission statement
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.
Earlier this month
President Donald Trump fired a top Labor Department official on the heels of a market-shocking weak scorecard of the U.S. job market, accusing her without evidence of manipulating the figures and adding to already growing concerns about the quality of economic data published by the federal government.
A Reuters poll in July found 89 of 100 top policy experts had at least some worries about the quality of U.S. economic data, with most also concerned that authorities are not addressing the issue urgently enough.
Notable events in BLS history
1884: Bureau of Labor created in the Department of Interior. 1886: Published First Annual Report of the Commissioner of Labor: Industrial Depressions. 1888: Began first consumer expenditure survey.
1891: Investigated the effects of tariff legislation on wages and prices. 1898: Published Hand and Machine Labor, providing information on the effect of machinery costs of production, productivity, wages and employment in selected industries. 1902: First published the wholesale prices collection, later called the Producer Price Indexes. 1912: Introduced series on industrial accidents. 1913: Began consumer price indexes.
You can learn more about the consumer price index at the Bureau of Labor Statistics site here.
1913: Moved to the Department of Labor. 1915: Began first monthly studies of employment and payrolls. 1916: Began first labor market information cooperative agreements with states. 1940: Began industry productivity studies program. 1942: Established first regional offices. 1945: Began providing training for international economists and statisticians. 1947: Established Business Research Advisory Council and the Labor Research Advisory Council. 1947: Produced first annual measures of output per hour. 1947: Released first report on work stoppages. 1949: Published first Occupational Outlook Handbook. 1959: Published first labor productivity. 1962: Produced first major international comparative study on unemployment. 1966: Produced first projections of the labor force, industry output and employment, and occupational employment and job openings. 1971: Began International Prices Program by establishing export price indexes. 1973: Established import price indexes. 1973: Began Survey of Occupational Injuries and Illnesses. 1976: Began the Employment Cost Index. 1984: Began Mass Layoff Statistics program. 1990: Began using electronic data collection. 1995: Established website at www.bls.gov. 2002: Released the first national monthly Job Openings and Labor Turnover Survey data providing the number and rate of job openings, hires and separations. 2004: Published the American Time Use Survey annual estimates providing information on the way Americans spend their time.
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Sunblock, charcoal … and Powerball? Holiday weekend lottery drawing worth $1 billion Labor Day weekend has arrived. What to know about the holiday If you’re cooking burgers directly on the grill, you’re doing it wrong What’s closed on Monday, for Labor Day Construction cancels popular 16th annual Labor Day San Pedro bridge run 2012: Released first-ever green jobs information. 2012: Tweeted for the first time from @BLS_gov. 2018: Introduced locality of destination export price indexes and the U.S. terms of trade indexes in the International Price Program. 2019: Began updating employment projections annually instead of every 2 years.Labor Day history
The first Labor Day holiday was celebrated on Sept. 5, 1882, in New York City. It was not a federal holiday until June 28, 1894. Congress passed an act making the first Monday in September of each year a legal holiday.
You can learn more about the history of the holiday on the Bureau of Labor site.
Sources: U.S. Bureau of Labor, U.S. Bureau of Labor Statistics, Reuters, The Associated Press
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