Labor statistics are numerical data that provide insights into the workforce and employment trends within an economy. They include information on employment rates, unemployment rates, wages, and job openings. These statistics help policymakers, businesses, and researchers understand the labor market's health and make informed decisions. Organizations like the Bureau of Labor Statistics (BLS) in the United States collect and analyze this data. They publish reports that highlight changes in employment patterns, industry growth, and demographic shifts. This information is crucial for assessing economic performance and planning for future workforce needs.