Labor

Labor

The body of persons, or the human physical and mental effort, engaged in the production of goods and services.

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Labor > Labor statistics

deflator

Labor; Labor statistics

A value that allows data to be measured over time in terms of some base period; or, in more obscure terms, an implicit or explicit price index used to distinguish between those ...

flexible benefits

Labor; Labor statistics

A type of plan under Section 125 of the Internal Revenue Code that provides employees a choice between permissible taxable benefits, including cash, and nontaxable benefits such ...

medical care coverage

Labor; Labor statistics

A type of insurance coverage that provides for the payment of benefits as a result of sickness or injury. Medical care coverage can be provided in a hospital or a doctor's office. ...

strike

Labor; Labor statistics

A temporary stoppage of work by a group of workers (not necessarily union members) to express a grievance or enforce a demand. A strike is initiated by the workers of an ...

lockout

Labor; Labor statistics

A temporary withholding or denial of employment during a labor dispute in order to enforce terms of employment upon a group of employees. A lockout is initiated by the management ...

accidental death and dismemberment

Labor; Labor statistics

A term used to describe a policy that pays additional benefits to the beneficiary if the cause of death is due to a non-work-related accident. Fractional amounts of the policy ...

compensation

Labor; Labor statistics

A term used to encompass the entire range of wages and benefits, both current and deferred, that employees receive in return for their work. In the Employment Cost Index (ECI), ...