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

defined contribution plan

Labor; Labor statistics

A retirement plan in which the amount of the employer's annual contribution is specified. Individual accounts are set up for participants and benefits are based on the amounts ...

initial claimant

Labor; Labor statistics

A person who files any notice of unemployment to initiate a request either for a determination of entitlement to and eligibility for compensation, or for a subsequent period of ...

occupational groups

Labor; Labor statistics

A group of related occupations; examples: sales occupations and service occupations.

sample frame

Labor; Labor statistics

A listing of all units in the universe from which a sample can be drawn.

productivity

Labor; Labor statistics

A measure of economic efficiency that shows how effectively economic inputs are converted into output. Productivity is measured by comparing the amount of goods and services ...

benefit incidence

Labor; Labor statistics

A measure of the availability of a benefit. The National Compensation Survey (NCS) presents data on the percent of workers with access to, and who participate in, employee ...

price index

Labor; Labor statistics

A price index is a tool that simplifies the measurement of price movements in a numerical series. Movements are measured with respect to the base period, when the index is set to ...