BLS

The Bureau of Labor Statistics is a federal agency within the Department of Labor responsible for collecting, analyzing, and publishing statistical data on labor economics. BLS data is extensively used in government contracting for wage determinations, economic price adjustments, and cost analysis.

Contractors reference BLS data for labor category pricing, geographic wage differentials, and escalation factors in multi-year contracts. The Service Contract Act and Davis-Bacon Act wage determinations draw on BLS occupational data. BLS inflation indices are commonly used in contract economic price adjustment clauses to adjust prices over time.