Bureau of Labor Statistics Officials to Present at 32nd Annual Government Contract Management Symposium on Using BLS Price and Wage Indexes in Contract Escalations

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BLS experts provide insight on using BLS price and wage indexes in contract escalations.

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Three economists from the U. S. Bureau of Labor Statistics (BLS) will present a workshop on "Using BLS Price and Wage Indexes in Contract Escalations" at the upcoming 32nd Annual Government Contract Management Symposium on November 18, 2013 at the Marriott Wardman Park Hotel in Washington, DC. The symposium is hosted by the National Contract Management Association.

Attendees will learn about the data BLS offers to help them establish escalation clauses in contracts. The data presented will be from the Consumer Price Index (CPI), Producer Price Index (PPI), Import/Export Price Index (MXPI), and Employment Cost Index (ECI). For each set of indices, the presenters will provide an overview of index methodology, coverage and uses, escalation clause tips, and examples of how to retrieve data from the BLS website.

ABOUT THE BUREAU OF LABOR STATISTICS

The Bureau of Labor Statistics of the U.S. Department of Labor is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy. Its mission is to collect, analyze, and disseminate essential economic information to support public and private decision-making. As an independent statistical agency, BLS serves its diverse user communities by providing products and services that are objective, timely, accurate, and relevant.

ABOUT THE PRESENTERS

Lana Borgie is an economist in the Office of Prices and Living Conditions, Division of Industrial Prices. She has worked for the BLS since 2009 and is a graduate of Christopher Newport University.

David Mead is the Information and Analysis Section Chief for the Office of Prices and Living Conditions, Division of International Prices. He has worked for BLS since 1991 and is a graduate of St. Bonaventure University and the University of Virginia.

Thomas Moehrle is a research economist in the Office of Compensation and Working Conditions, Compensation Research and Program Development Group. He has worked for the BLS since 1987 and is a graduate of Widener University and Temple University.

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Wayne M. Shelly