Question

RECALL Give two examples of employment

Answer 1

Answer:

Two examples of employment data provided by the Bureau of Labor Statistics includes:

1. Wage Data/Average Income

2. Unemployment Figures

Explanation:

As a fact-finding government institute the Bureau of Labor Statistics also produces tons of other information. However, the general public is always interested to know the median income of the country and the unemployment figures.

These two key statistics are also used by government officials to gauge the success of their policies as they directly reflect on the number of jobs and the quality of jobs being created in the country.

Established in 1884, the agency has been instrumental in understanding the job market and has helped governments for more than a 100 years to enact key economic policies.