Statistical information showing trends in employment
and wages can be a useful planning tool for employers. The Bureau
of Labor Statistics (BLS) releases monthly data on payroll and unemployment.
BLS also releases a monthly report on the Consumer Price Index (CPI).
In addition, The Conference Board reports on the volume of employment
advertisements placed in papers across the country. Trends showing
increases in payrolls, the CPI and/or employment advertisements in
conjunction with decreases in unemployment may indicate a tightening
labor market and increasing pressure to raise wages. Employers can
use this data to evaluate wage rates and staffing needs so that they
can maintain their competitive positions in the labor market.
Summary for [Your State]