The Department of Labor fosters and promotes the welfare of job seekers, wage earners and retirees by improving their working conditions, advancing their opportunities, protecting their retirement and health benefits and generally protecting worker rights and monitoring national economic measures.
In fiscal year 2008, the Consumer Price Indexes (CPI), Producer Price Indexes (PPI), International Price Indexes (IPP), and Consumer Expenditure Surveys (CE) continue, as will regular publication of data from these price statistics programs. During 2008, the CPI program will continue publication of the new superlative measure of changes in living costs. The new measure more fully reflects the impact of changes in relative prices on consumers. IPP will have offered its new web-based repricing collection to 95 percent of its respondents by the end of 2008. PPI expanded its coverage of the service sector to include management consulting, blood banks, computer training schools, and industrial machinery equipment and repair. PPI completed a major quality improvement initiative to implement a probability-based methodology for prescription drugs. Coverage in the PPI also expanded with the publication of the new office construction index. In 2008, the CE added questions about the new tax rebate and began collecting the data, revised and tested changes to the upcoming 2009 Interview questionnaire.
Uses and Use Restrictions
Provides for Consumer Price Indexes (CPI) which measure changes in prices of goods and services consumed by all urban households as well as urban wage earners and clerical workers.
As the basis for most estimates of changes in the purchasing power of the consumer's dollar, the CPI is a major economic indicator and has widespread use in escalation adjustments in both private and public sectors.
Provides for Producer Price Indexes (PPI) which measure average changes in selling prices received by domestic producers for their output and which are widely cited within price escalation clauses of long term sales contracts to protect both parties against inflation.
Provides Export and Import Price Indexes to measure the effect of international trade prices on U. S. economy.
The Consumer Expenditure (CE) Surveys provide periodic updates to the market basket and the weights used to calculate the CPI.
In addition, the CE supplies information on consumers' spending and income by characteristics such as income, age, race, family size, and region.
Request for information may be made by the general public.
Aplication and Award Process
This program is excluded from coverage under E.O.
Requests for information and assistance may be made to the nearest regional office of the Bureau of Labor Statistics listed in Appendix IV of the Catalog.
Public Laws 62-426, 71-537, and 94-206, 29 U.S.C. 1-2.
Range of Approval/Disapproval Time
Formula and Matching Requirements
Length and Time Phasing of Assistance
Post Assistance Requirements
(Salaries and Expenses) FY 07 $177,796,698; FY 08 est $177,986,000; and FY 09 est $198,464,000.
Range and Average of Financial Assistance
Regulations, Guidelines, and Literature
"Consumer Price Index"; "Producer Price Index"; "Export Price Index"; "Import Price Index"; "Consumer Expenditure Survey," "Monthly Labor Review"; "BLS Handbook of Methods," BLS Bulletin 2490; "Major Programs of the Bureau of Labor Statistics"; "Publications of the Bureau of Labor Statistics."
Regional or Local Office
Contact the nearest regional office of the Bureau of Labor Statistics listed in Appendix IV of the Catalog.
Bureau of Labor Statistics, Office of Prices and Living Conditions, Washington, DC 20212. Telephone: (202) 691-6960. Contact: Michael W. Horrigan.
Criteria for Selecting Proposals
Social entrepreneur and co-founder of nonprofit Jolkona, Adnan Mahmud, discusses his definition of a successful social entrepreneur. He describes the social entrepreneur as someone who has found the right balance between doing good while doing well.