The Bureau Labor Statistics (BLS), an arm of Department of Labor, was established in 1884. It is a national statistical agency that collects, analyses, and disseminates vital economic information. It is responsible for conducting research and data analysis on a wide variety of economic issues, including labor market, prices, employment, wages and labor force. The agency also publishes statistical reports, and provides training on labor statistics to other countries.
Bureau Labor Statistics runs surveys to assess the labor force and monitor wages. It also produces detailed industry estimates on nonfarm employment rates and wages. It also produces the Consumer Price Index which measures the price of common consumer products. The Bureau measures economic price changes, including transport, housing, and medical care.
BLS publishes data on employment and wages for the United States and several different geographic areas. This data is regularly cited by economists, businesses, and market participants. In addition to these reports the Bureau produces statistical tables which provide detailed information about economic conditions. The Consumer Price Index, which is the most important report, is also very important. Other economic data is also produced by Bureau, such as Producers Price Index and Employment Situation Report.
The Bureau of Labor Statistics studies the employment of teenagers and older Americans. It also collects data on workplace fatalities and injuries that are not fatal. It also provides data files about low-wage labor. The Bureau also conducts research into foreign-owned establishments with at least 10% stock owned by foreigners.
The Bureau also offers information on the country's unemployment rate. It is calculated from the Current Population Survey. It also publishes additional surveys. The Current Employment Statistics (CES) program surveys approximately 670,000 individual worksites. BLS also studies the number of labor organizations and businesses in the country.
The Bureau also publishes its Employment and Earnings report. This provides a national overview of the labor markets. This report provides data on the national rate of unemployment, total employment, wages and growth in employment. The Bureau also publishes a list highlighting the most rapidly-growing jobs. The Bureau also offers listings of high-wage jobs.
The Bureau has an extensive staff. It also has six regional offices. There are also several smaller local offices within the Bureau.
The Bureau also publishes many reports, including a National Compensation Survey. The National Compensation Survey (US) is one of America's largest data gathering programs. This program tracks data on average earnings, hours work, and wages for employees in all industries. This data is then compiled into an industry-specific average. The report is published quarterly in many industries. You can also find the Occupational Perspective Quarterly which gives analysis of the labor markets for specific occupations.
The Bureau also houses an Office of Prices and Living Conditions that measures changes in prices. The Producer Price Index and Consumer Price Index both come from the Office of Prices and Living Conditions. It also provides research about import and export prices.
FAQ
How can manufacturing efficiency improved?
The first step is to determine the key factors that impact production time. We then need to figure out how to improve these variables. If you don’t know where to begin, consider which factors have the largest impact on production times. Once you identify them, look for solutions.
What are the responsibilities for a manufacturing manager
Manufacturing managers must ensure that manufacturing processes are efficient, effective, and cost-effective. They should be aware of any issues within the company and respond accordingly.
They should also know how to communicate with other departments such as sales and marketing.
They should be informed about industry trends and be able make use of this information to improve their productivity and efficiency.
What does manufacturing mean?
Manufacturing Industries refers to businesses that manufacture products. These products are sold to consumers. These companies use various processes such as production, distribution, retailing, management, etc., to fulfill this purpose. They create goods from raw materials, using machines and various other equipment. This includes all types if manufactured goods.
What are the 4 types manufacturing?
Manufacturing is the process by which raw materials are transformed into useful products through machines and processes. It involves many different activities such as designing, building, testing, packaging, shipping, selling, servicing, etc.
Can certain manufacturing steps be automated?
Yes! Yes. The wheel was invented by the Egyptians thousands of years ago. To help us build assembly lines, we now have robots.
Robotics is used in many manufacturing processes today. These include:
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Line robots
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Robot welding
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Robot painting
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Robotics inspection
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Robots create products
Manufacturing can also be automated in many other ways. 3D printing is a way to make custom products quickly and without waiting weeks or months for them to be manufactured.
How can manufacturing reduce production bottlenecks?
You can avoid bottlenecks in production by making sure that everything runs smoothly throughout the production cycle, from the moment you receive an order to the moment the product is shipped.
This includes planning to meet capacity requirements and quality control.
This can be done by using continuous improvement techniques, such as Six Sigma.
Six Sigma management is a system that improves quality and reduces waste within your organization.
It focuses on eliminating variation and creating consistency in your work.
Statistics
- According to the United Nations Industrial Development Organization (UNIDO), China is the top manufacturer worldwide by 2019 output, producing 28.7% of the total global manufacturing output, followed by the United States, Japan, Germany, and India.[52][53] (en.wikipedia.org)
- In the United States, for example, manufacturing makes up 15% of the economic output. (twi-global.com)
- In 2021, an estimated 12.1 million Americans work in the manufacturing sector.6 (investopedia.com)
- According to a Statista study, U.S. businesses spent $1.63 trillion on logistics in 2019, moving goods from origin to end user through various supply chain network segments. (netsuite.com)
- (2:04) MTO is a production technique wherein products are customized according to customer specifications, and production only starts after an order is received. (oracle.com)
External Links
How To
How to Use Just-In-Time Production
Just-in time (JIT), is a process that reduces costs and increases efficiency in business operations. It is a process where you get the right amount of resources at the right moment when they are needed. This means that you only pay for what you actually use. Frederick Taylor, a 1900s foreman, first coined the term. He noticed that workers were often paid overtime when they had to work late. He realized that workers should have enough time to complete their jobs before they begin work. This would help increase productivity.
JIT is a way to plan ahead and make sure you don't waste any money. Look at your entire project, from start to end. Make sure you have enough resources in place to deal with any unexpected problems. You will have the resources and people to solve any problems you anticipate. You won't have to pay more for unnecessary items.
There are many JIT methods.
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Demand-driven JIT: This is a JIT that allows you to regularly order the parts/materials necessary for your project. This will allow for you to track the material that you have left after using it. This will allow to you estimate the time it will take for more to be produced.
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Inventory-based : You can stock the materials you need in advance. This allows you to predict how much you can expect to sell.
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Project-driven: This method allows you to set aside enough funds for your project. If you know the amount you require, you can buy the materials you need.
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Resource-based JIT: This is the most popular form of JIT. You assign certain resources based off demand. If you have many orders, you will assign more people to manage them. You'll have fewer orders if you have fewer.
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Cost-based: This is the same as resource-based except that you don't care how many people there are but how much each one of them costs.
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Price-based: This is similar to cost-based but instead of looking at individual workers' salaries, you look at the total company price.
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Material-based: This is very similar to cost-based but instead of looking at total costs of the company you are concerned with how many raw materials you use on an average.
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Time-based: Another variation of resource-based JIT. Instead of focusing on the cost of each employee, you will focus on the time it takes to complete a project.
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Quality-based JIT: This is another variation of resource based JIT. Instead of worrying about the costs of each employee or how long it takes for something to be made, you should think about how quality your product is.
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Value-based JIT is the newest form of JIT. You don't worry about whether the products work or if they meet customer expectations. Instead, you focus on the added value that you provide to your market.
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Stock-based: This inventory-based approach focuses on how many items are being produced at any one time. This method is useful when you want to increase production while decreasing inventory.
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Just-intime (JIT), planning is a combination JIT management and supply chain management. It is the process that schedules the delivery of components within a short time of their order. It's important as it reduces leadtimes and increases throughput.