ELI5: Explain Like I'm 5

Bureau of Labor Statistics

The Bureau of Labor Statistics (BLS) is a government agency that studies the US workforce. It collects, reports, and measures information on labor and economic trends in the US. BLS data helps people, businesses, and the government make better-informed decisions. For example, BLS data helps the government decide how much to pay people in different jobs, sets minimum wages, and makes recommendations on how businesses can increase productivity and efficiency. BLS also helps people make career choices by providing information about different jobs, education levels needed for jobs, and expected salaries.