Question

In: Economics

The Bureau of Labor Statistics (BLS) reports on the number of jobs created using data from...

The Bureau of Labor Statistics (BLS) reports on the number of jobs created using data from the ____________.

United States Census

Annual Business Survey (ABS)

Current Employment Statistics (CES) survey

Current Population Survey (CPS)

Solutions

Expert Solution

The  Bureau of Labor Statistics (BLS) collects comprehensive data from the current employment survey or CES each month from business and firms for employment situation for the economy.

Given the choices:

  • United states census is conducted every 10 years. Therefore, the current situation of employment can only be found every 10 years. Hence, this is not the right survey to create reports on job creation for the economy.
  • Annual Business Survey (ABS) is conducted each year but compile statistics for businesses and business owners. This does not provide the jobs created for the economy.
  • Current Employment Statistics (CES) survey provides data for current employment, earning estimates from the monthly data of payroll records. This survey provides data on the job created.
  • CPS provides the data for unemployment and employment from household data.

Therefore, the correct option is: Current Employment Statistics (CES) survey


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