The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor. It is the principal fact-finding agency for the U.S. government in the broad field of labor economics and statistics and serves as a principal agency of the U.S. Federal Statistical System. The BLS collects,processes,analyzes,and disseminates essential statistical data to the American public,the U.S. Congress,other Federal agencies,State and local governments,business,and labor representatives. The BLS also serves as a statistical resource to the United States Department of Labor,and conducts research measuring the income levels families need to maintain a satisfactory quality of life.
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles. Economic indicators include various indices,earnings reports,and economic summaries:for example,the unemployment rate,quits rate,housing starts,consumer price index,Inverted yield curve,consumer leverage ratio,industrial production,bankruptcies,gross domestic product,broadband internet penetration,retail sales,price index,and money supply changes.
A jobless recovery or jobless growth is an economic phenomenon in which a macroeconomy experiences growth while maintaining or decreasing its level of employment. The term was coined by the economist Nick Perna in the early 1990s.
Randall S. Kroszner is an American economist who served as a member of the Federal Reserve Board of Governors from 2006 to 2009. Kroszner chaired Fed's board Committee on Supervision and Regulation of Banking Institutions during the global financial crisis. He has been professor of economics at the University of Chicago since the 1990s,with various leaves,and named Norman R. Bobins Professor of Economics at the University of Chicago Booth School of Business in 2009,and serves as a senior advisor for Patomak Partners.
Growth Recession is a term in economics that refers to a situation where economic growth is slow,but not low enough to be a technical recession,yet unemployment still increases.
The United States Consumer Price Index (CPI) is a set of consumer price indices calculated by the U.S. Bureau of Labor Statistics (BLS). To be precise,the BLS routinely computes many different CPIs that are used for different purposes. Each is a time series measure of the price of consumer goods and services. The BLS publishes the CPI monthly.
Robert Zachary Lawrence is a South Africa-born American economist and Albert L. Williams Professor of International Trade and Investment at John F. Kennedy School of Government at Harvard University. He is also a senior fellow at the Peterson Institute for International Economics,and a research associate at the National Bureau of Economic Research.
Morris M. Kleiner is an American academic. Kleiner received his M.A. in Labor and Industrial Relations,and Ph.D. in economics from the University of Illinois and his undergraduate degree in economics from Bradley University. He is a professor and the inaugural AFL-CIO chair in labor policy at the Hubert H. Humphrey School of Public Affairs at the University of Minnesota,Minneapolis. From 1974 to 1987 he was an assistant and later full professor at the School of Business at the University of Kansas.
Michael H. Moskow is currently vice chairman and distinguished fellow on the global economy at the Chicago Council on Global Affairs. From 1994 to 2007,he served as president and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity,he was a member of the Federal Open Market Committee,the Federal Reserve System's most important monetary policy-making body.
William Edward Spriggs is an American economist who worked as chair of the Howard University Department of Economics from 2005 to 2009 and assistant secretary of labor for policy from 2009 to 2012. He is also a professor of economics at Howard University and chief economist for the AFL-CIO.
Harry Joseph Holzer is an American economist,educator and public policy analyst.
Unemployment in the United States discusses the causes and measures of U.S. unemployment and strategies for reducing it. Job creation and unemployment are affected by factors such as economic conditions,global competition,education,automation,and demographics. These factors can affect the number of workers,the duration of unemployment,and wage levels.
Adriana Debora Kugler is a Colombian-American economist. She is the U.S. Executive Director at the World Bank,nominated by President Biden and confirmed by the U.S. Senate last April. She is a professor of public policy at Georgetown University and she is currently on leave from her tenured position at Georgetown. She served as the Chief Economist to U.S. Labor Secretary Hilda L. Solis from September 6,2011 to January 4,2013.
Randall W. Eberts is an American economist who specializes in the public workforce system,public finance,urban economics,labor economics,infrastructure and productivity,and policies promoting student achievement. He was president of the W.E. Upjohn Institute for Employment Research in Kalamazoo,Michigan from 1993 until 2019 and is currently a senior researcher there.
Janet Lippe Norwood was an American statistician and the first female Commissioner of the U.S. Bureau of Labor Statistics (BLS) when she was appointed in 1979 by President Jimmy Carter. She was reappointed twice by President Reagan. She left the Bureau in 1991 and joined the Urban Institute as a Senior Fellow,a position she held until 1999. She was also appointed as the Chair of the Advisory Council on Unemployment Compensation,first by President George H. W. Bush in 1993 and then re-elected by President Bill Clinton. She stepped down from that position in 1996. She received numerous awards including several honorary doctorate degrees from academic institutions,including Harvard University.
Katharine G. Abraham is an American economist who is the director of the Maryland Center for Economics and Policy,and a professor of survey methodology and economics at the University of Maryland. She was commissioner of the Bureau of Labor Statistics from 1993–2001 and a member of the Council of Economic Advisers from 2011–2013. She was elected a member of the National Academy of Sciences in 2022.
Aryness Joy Wickens was an American economist and statistician who served as acting commissioner of the US Bureau of Labor Statistics and as president of the American Statistical Association,and who helped develop the United States Consumer Price Index.
Mary Colleen Daly is an American economist,who became the 13th President and chief executive officer of the Federal Reserve Bank of San Francisco on October 1,2018. She serves on the Federal Reserve's rate-setting Federal Open Market Committee on a rotating basis. Previously,Daly was the Executive Vice President and Director of Research of the Federal Reserve Bank of San Francisco,which she joined as an economist in 1996.
Susan N. Houseman is an American economist who is the vice president and director of research at the W. E. Upjohn Institute for Employment Research. She is also a member of the National Bureau of Economic Research Conference on Research on Income and Wealth,chairs the Technical Advisory Committee of the U.S. Bureau of Labor Statistics,and co-directs the Labor Statistics Program at the IZA Institute of Labor Economics.
