A more thorough explanation:
Definition: ESA is an abbreviation that can stand for two different things:
- ECONOMICS AND STATISTICS ADMINISTRATION: This is a government agency that collects and analyzes economic and demographic data to help inform policy decisions. For example, the ESA might collect data on unemployment rates or consumer spending habits.
- EMPLOYMENT STANDARDS ADMINISTRATION: This is another government agency that enforces labor laws and regulations to protect workers' rights. For example, the ESA might investigate a company for violating minimum wage laws or failing to provide safe working conditions.
Both of these agencies are part of the US Department of Commerce.
Examples:
- The ESA released a report on the state of the US economy, which showed that GDP had grown by 2.3% in the last quarter.
- The ESA investigated a restaurant chain for not paying its employees overtime wages, and found that the company owed over $1 million in back pay.
These examples illustrate how the ESA can be used to collect data and enforce labor laws to protect workers and inform policy decisions.