Bureau Of Labor Statistics
What Does Bureau Of Labor Statistics Mean?
The Bureau of Labor Statistics (BLS), a federal agency under the U.S. Department of Labor, is responsible for reporting and measuring labor activities, price changes, and employment trends across various industries. In the context of insurance, the BLS provides reports and analyses on the status of the insurance industry, including insurance carriers and related activities.
Insuranceopedia Explains Bureau Of Labor Statistics
The Bureau of Labor Statistics (BLS) plays a crucial role in the insurance industry by providing information and updates on insurance carriers and other business activities within the sector. These reports include data on the industry’s workforce, earnings, working hours, workplace injuries, changes in prices, and employment trends.
The BLS also reports on sub-sectors within the insurance industry, such as institutions involved in underwriting annuities and policies, selling insurance products, and offering services related to employee benefits and insurance.
