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1 U.S. BUREAU OF LABOR STATISTICS bls.gov BLS Products and Opportunities Erica L. Groshen Commissioner U.S. Bureau of Labor Statistics American Statistical Association July 12, 2016

BLS Products and Opportunities · BLS Products and Opportunities Erica L. Groshen ... Basis for Occupational Outlook Handbook ... Matrix title Employment Typical

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1 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

BLS Products and Opportunities

Erica L. Groshen

Commissioner

U.S. Bureau of Labor Statistics

American Statistical Association

July 12, 2016

2 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

BLS mission

� Principal Federal agency

responsible for measuring

� labor market activity

� working conditions

� price changes in the

economy

� … collect, analyze, and

disseminate essential

economic information

� … support public and private

decision making

3 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

BLS…Census…BEA

BLS

Est. 1884

2,405 employees

Census

Est. 1902

13,849 employees

BEA

Est. 1953

463 employees

• Employment

• Prices

• Wages

• Productivity

• Safety/health

• Population

• Demographics

• Poverty

• Industry revenue

• Housing

• Gross Domestic

Product (GDP)

• Input/output

• Balance of

Payments

4 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

Building blocks for BLS data

ccurate. . . Getting it right

bjective. . . Free from bias

elevant. . . Information you can use

imely. . . Getting it out quickly

ccessible. . . Meeting you where you are

5 — U.S. BUREAU OF LABOR STATISTICS • bls.gov5 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

Earnings and unemployment rates

by educational attainment

Note: 2015 data are for persons age 25 and over. Earnings are for full-time wage and salary workers.

Source: BLS Current Population Survey

6 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

BLS Employment Projections

�10-year projections made every 2 years

�2014-24 projections cover over 800 occupations and

300 industries

�Basis for Occupational Outlook Handbook

�Pairs data with occupational descriptions

�BLS projections prepared at national level only

�Input for state and local employment projections

�Used for career preparation decisions

7 — U.S. BUREAU OF LABOR STATISTICS • bls.gov 7

Employment by detailed occupation, 2014 and projected 2024

2014 National

Employment

Matrix title

EmploymentTypical

educational

degree needed

for entry

Median

annual wage,

2015

Number, in

thousands Change, 2014-24

2014 2024 Number Percent

Mathematicians 3.5 4.2 0.7 21.4 Master's $111,110

Economists 21.5 22.7 1.2 5.7 Master's $99,180

Actuaries 24.6 29.0 4.4 18.1 Bachelor's $97,070

Statisticians 30.0 40.1 10.1 33.8 Master's $80,110

Mathematical

science teachers,

postsecondary

63.5 73.9 10.4 16.4Doctoral or

professional$67,170

Survey

researchers16.7 18.7 1.9 11.6 Master's $53,920

Source: BLS Employment Projections program

8 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

BLS employment by occupation

Total Employees: 2,405 Note: Employment data include full-time (2004) and part-time (401) employees

and represents employees on-board as of May 15, 2016.

Economist and Statistician

(1229) 51%

Economist Assistant (402) 17%

IT Specialist (393) 16%

Mathematical Statistician

(101) 4%

Secretary/Clerk/ Assistant (73) 3%

Others (207) 9%

9 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

BLS employment by college

degree attainment, 1980 - 2016

9

0

10

20

30

40

50

60

70

80

90

100

1980 1990 2000 2007 2011 2015 2016

Bachelor's degree Master's degree Ph.D.

10 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

BLS new hires in mission-critical

occupations*

10

63

87

98

0

20

40

60

80

100

FY 2013 FY 2014 FY2015

FY 2013 FY 2014 FY2015

* Economists, statisticians and math statisticians.

11 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

Perks

� Make a mark doing innovative

and important work

� Satisfaction of serving

� Work-life balance

� Opportunities to learn

and grow

12 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

Internships

� Pathways

�Recent grads

�Summer interns

�Grad students

� All paid positions

� Training requirement

� www.bls.gov/jobs

13 — U.S. BUREAU OF LABOR STATISTICS • bls.gov13 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

Resources for researchers

� Access public data

� Use confidential

microdata

14 — U.S. BUREAU OF LABOR STATISTICS • bls.gov14 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

Opportunities and challenges

� Harnessing “Big Data”

� More work with BEA, Census, and academic

researchers

� Renewed attention to labor market issues

� Growth and diversity of users and

dissemination modes

� Maintaining response rates and user trust

Contact Information

15 — U.S. BUREAU OF LABOR STATISTICS • bls.gov

Erica L. Groshen

Commissioner

202-691-7800

[email protected]