Tag: Bureau of Labor Statistics

Think You Can Afford Retirement? Here’s How Much It Costs | Entrepreneur

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The age of a retiree could be correlated with how much they spend — and nearly half of retirees say that they retired earlier than expected.

A new piece from Go Banking Rates with statistics from the Bureau of Labor Statistics (BLS) shows a difference in the expenses of younger and older retirees and reveals the average income of those who reach retirement age.

BLS data showed that younger retirees between 65 and 74 years of age had more expenses on average, at $4,870 per month than those 75 years or older, who averaged about $1,000 less at $3,813 per month.

The overall average for expenses among retirees was $4,345 per month or $52,141 every year. This number is below the average income per year for retirees, which the U.S. Census Bureau placed at $75,254, but higher than the median income of $47,620 found by the Census Bureau.

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A lot of workers are out on strike right now. Here’s how that looks in the jobs report | CNN Business

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From actors to autoworkers, more than 450,000 workers have participated in 312 strikes in the United States this year, according to Cornell University’s Labor Action Tracker.

Are all of these workers missing from the US government’s monthly jobs reports?

The report produced by the Bureau of Labor Statistics is a product of two different surveys.

One asks a sample group of employers to report how many workers they employed, based on their payroll records for the pay period that includes the 12th of the month. Data from that survey is used to determine how many people were hired or laid off in a given month.

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