What Does Bureau of Labor Statistics Mean?

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What does Bureau of Labor Statistics mean? Read on to discover the definition & meaning of the term Bureau of Labor Statistics - to help you better understand the language used in insurance policies.

Bureau of Labor Statistics

Bureau of Labor Statistics

The Bureau of Labor Statistics (BLS) is a Federal agency under the U.S. Department of Labor that reports and measures labor activities, price changes, and working status of different industries. In the context of insurance, BLS is responsible for giving reports and analysis about the status of the insurance industry, including insurance carriers, and other related activities.

We hope the you have a better understanding of the meaning of Bureau of Labor Statistics.

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