The Bureau of Labor Statistics: Coffee Prices

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The Bureau of Labor Statistics (BLS), strives to provide interested parties with clear and precise information regarding the US economy through the measurement of working conditions, activities in the labor market and changes in the prices of goods and services. As such, the people it intends to serve is the vast American republic and those specifically interested in learning about emerging issues and trends of the economy. Since the agency receives authority from the federal government, it is therefore safe to say that it works for the American people because, after all, it is the American people who fund the government through taxes.
The information that BLS provides can largely be said to be unbiased. The reasoning here is based on the fact that, right below the mission, vision and history of the agency’s website, there is a form that allows users to independently submit reports regarding their satisfaction with the services that the website provides. A look at the results accrued in 2011 suggests that about 74% to 75% of visitors to the site were actually satisfied with the work that they were doing. In the first quarter of 2012, as the survey suggests, the rating remained at a high of 75%. This can be assumed to be a considerable contentment and subsequent approval by the public of the operations of the agency.
It is important to know whether BLS is biased or unbiased. When a federal agency charged with the dissemination of knowledge to the public claims to strive to provide accurate information that is timely, objective and accurate, then there is need to ascertain whether the administration is living up to the expectations of its calling. One of the hallmarks of a well-run public institution is retaining the quality of ...

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...of the recent price drop, in August 2013 the coffee CPI was higher than about 38% than it had been last decade.

Works Cited

Carrillo-Huerta, M., & Bonilla, I. M. (2005). The effect of NAFTA on mexican agricultural exports to the united states: The case of coffee beans, 1970-2003. The Journal of Entrepreneurial Finance & Business Ventures, 10(2), 76-93. Retrieved from http://www.econstor.eu/bitstream/10419/55949/1/662664000.pdf
U.S. Bureau of Labor Statistics. Retrieved April 1, 2014, from http://www.bls.gov/opub/ted/2013/ted_20130926.htm
Salvail, A. (1994). Business award winners, 1994: Hall of famer -- norman saurage. The Greater Baton Rouge Business Report, 12(16), 24.
Wiggins, J. (2008, Mar 06). Coffee price increases filter down to public. Financial Times. Retrieved from http://www.ft.com/intl/cms/s/0/52e3e0e0-eb20-11dc-a5f4-0000779fd2ac.html#axzz2zBekF0Um

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