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

unemployment rate

Labor; Labor statistics

The unemployment rate represents the number unemployed as a percent of the labor force.

Standard Occupational Classification (SOC) system

Labor; Labor statistics

This system is being adopted by Federal statistical agencies to classify workers into occupational categories for the purpose of collecting, calculating, or disseminating data. ...

nonlabor payments

Labor; Labor statistics

These payments include profits, consumption of fixed capital, taxes on production and imports less subsidies, net interest and miscellaneous payments, business current transfer ...

hours worked

Labor; Labor statistics

There are two different hours concepts measured in the CPS: usual hours and actual hours at work. Usual hours refer to a person’s normal work schedule versus their actual hours at ...

wholesale price index (WPI)

Labor; Labor statistics

The Wholesale Price Index (WPI) was the original name of the Producer Price Index (PPI) program from its inception in 1902 until 1978, when it was renamed (PPI). At the same time, ...

universe

Labor; Labor statistics

The total number of units (for example, individuals, households, or businesses) in the population of interest.

not employed

Labor; Labor statistics

The term refers to persons who are classified as unemployed as well as those classified as not in the labor force (using Current Population Survey definitions).