Petroleum engineering is a field of engineering concerned with the activities related to the production of hydrocarbons, which can be either crude oil or natural gas. Exploration and production are deemed to fall within the upstream sector of the oil and gas industry. Exploration, by earth scientists, and petroleum engineering are the oil and gas industry's two main subsurface disciplines, which focus on maximizing economic recovery of hydrocarbons from subsurface reservoirs. Petroleum geology and geophysics focus on provision of a static description of the hydrocarbon reservoir rock, while petroleum engineering focuses on estimation of the recoverable volume of this resource using a detailed understanding of the physical behavior of oil, water and gas within porous rock at very high pressure.
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.
In economics, a discouraged worker is a person of legal employment age who is not actively seeking employment or who has not found employment after long-term unemployment, but who would prefer to be working. This is usually because an individual has given up looking, hence the term "discouraged".
The Current Population Survey (CPS) is a monthly survey of about 60,000 U.S. households conducted by the United States Census Bureau for the Bureau of Labor Statistics (BLS). The BLS uses the data to publish reports early each month called the Employment Situation. This report provides estimates of the unemployment rate and the numbers of employed and unemployed people in the United States based on the CPS. A readable Employment Situation Summary is provided monthly. Annual estimates include employment and unemployment in large metropolitan areas. Researchers can use some CPS microdata to investigate these or other topics.
Politicians and pundits frequently refer to the ability of the president of the United States to "create jobs" in the U.S. during his term in office. The numbers are most often seen during the election season or in regard to a president's economic legacy. The numbers typically used and most frequently cited by economists are total nonfarm payroll employment numbers as collected by the Bureau of Labor Statistics on a monthly and annual basis. The BLS also provides numbers for private-sector non-farm employment and other subsets of the aggregate.
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.
The Producer Price Index (PPI) is the official measure of producer prices in the economy of the United States. It measures average changes in prices received by domestic producers for their output. The PPI was known as the Wholesale Price Index, or WPI, up to 1978. It is published by the Bureau of Labor Statistics and is one of the oldest economic time series compiled by the Federal government of the United States.
The National Longitudinal Surveys (NLS) are a set of surveys sponsored by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor. These surveys have gathered information at multiple points in time on the labor market experiences and other significant life events of several groups of men and women. Each of the NLS samples consists of several thousand individuals, many of whom have been surveyed over several decades.
The Occupational Outlook Handbook (OOH) is a publication of the United States Department of Labor's Bureau of Labor Statistics that includes information about the nature of work, working conditions, training and education, earnings and job outlook for hundreds of different occupations in the United States. It is released biennially with a companion publication, the Career Guide to Industries and is available free of charge from the Bureau of Labor Statistics' website. The 2012–13 edition was released in November 2012 and the 2014–15 edition in March 2014.
The U.S. Import and Export Price Indexes measure average changes in prices of goods and services that are imported to or exported from the U.S.. The indexes are produced monthly by the International Price Program (IPP) of the Bureau of Labor Statistics. The Import and Export Price Indexes were published quarterly starting in 1974 and monthly since 1989.
The United States Consumer Price Index (CPI) is a set of various consumer price indices published monthly by the U.S. Bureau of Labor Statistics (BLS). The most commonly used are the CPI-U and the CPI-W, though many alternative versions exist. The CPI-U is the most popular measure of consumer inflation in the United States.
Shadowstats.com is a website that analyzes and offers alternatives to government economic statistics for the United States. Shadowstats primarily focuses on inflation, but also keeps track of the money supply, unemployment and GDP by utilizing methodologies abandoned by previous administrations from the Clinton era to the Great Depression.
The International Labor Comparisons Program (ILC) of the U.S. Bureau of Labor Statistics (BLS) adjusts economic statistics to a common conceptual framework in order to make data comparable across countries. Its data can be used to evaluate the economic performance of one country relative to that of other countries and to assess international competitiveness.
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.
Erica Lynn Groshen is the former Commissioner of Labor Statistics and head of the U.S. Bureau of Labor Statistics (BLS), the independent, principal fact-finding agency for the U.S. government in the broad fields of labor economics and statistics, inflation, and productivity. BLS is part of the U.S. Department of Labor.
Isador Lubin was the head of the U.S. Bureau of Labor Statistics from 1933 to 1946, and president of the American Statistical Association in 1946.
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.
Melissa Schettini Kearney is the Neil Moskowitz Professor of Economics at the University of Maryland, College Park and a research associate at the National Bureau of Economic Research (NBER). She is also director of the Aspen Economic Strategy Group; a non-resident Senior Fellow at The Brookings Institution; a scholar affiliate and member of the board of the Notre Dame Wilson-Sheehan Lab for Economic Opportunities (LEO); and a scholar affiliate of the MIT Abdul Jameel Poverty Action Lab (J-PAL). She has been an editorial board member of the American Economic Journal: Economic Policy since 2019 and of the Journal of Economic Literature since 2017. Kearney served as director of the Hamilton Project at Brookings from 2013 to 2015 and as co-chair of the JPAL State and Local Innovation Initiative from 2015 to 2018.
