BLS

abbreviation
Updated on: 26 Jul 2017

Definition of BLS

1 bachelor of liberal studies
2 bachelor of library science
3 Bureau of Labor Statistics

Financial Definition of BLS

BLS

What It Is

The Bureau of Labor Statistics (BLS) of the U.S. Department of Labor is a Federal agency that measures and reports labor market activity, working conditions and price changes in the economy.

How It Works

The Bureau of Labor Statistics provides a wide range of data that measures the state of the U.S. economy. Considered an independent statistical agency, the BLS collects, analyzes, and organizes the essential economic data to support the decisions of businesses, individuals and public agencies.

The BLS compiles and report the Consumer Price Index (CPI), changes in unemployment, wage data, productivity data, the Producer Price Index (PPI) and an occupational handbook that offers a wealth of information on career exploration for individuals. The website is found at {ia_ext|www.bls.gov|http://www.bls.gov}.

Why It Matters

The Bureau of Labor Statistics plays a crucial role in providing updated information to a constantly changing U.S. and global economy. It helps individuals find industries and careers that are in high demand, gives them great information about any career or occupation they want to know more about and educates them on how they can receive the training/education they need in order to advance in their careers.

For business and employers, the BLS statistics can help identify market trends, provide salary data to keep employees' compensation competitive and help them identify what their employees' needs are in regards to training/education.


Medical Dictionary

BLS

abbreviation

medical Definition of BLS

basic life support

Seen and Heard

What made you want to look up BLS? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

alert quickness of mind or body

Get Word of the Day daily email!

Test Your Vocabulary

Merriam-Webster's New Words Quiz—Fall 2017 Edition!

  • young-plant-shoots
  • Which of the following is a new sense of the word bunny?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Word Winder's CrossWinder

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!