8 Terms
Contributors in Labor statistics
Labor statistics
percentile wage estimate
Labor; Labor statistics
Shows what percentage of workers in an occupation earn less than a given wage and what percentage earn more. For example, a 25th percentile wage of $15. 00 indicates that 25% of workers (in a given ...
shortage
Labor; Labor statistics
Shortages occur in a market economy when the demand for workers for a particular occupation is greater than the supply of workers who are qualified, available, and willing to do that job.
turnover
Labor; Labor statistics
Separation of an employee from an establishment (voluntary, involuntary, or other).
seasonally adjusted
Labor; Labor statistics
Seasonal adjustment removes the effects of events that follow a more or less regular pattern each year. These adjustments make it easier to observe the cyclical and other nonseasonal movements in a ...
employed persons
Labor; Labor statistics
Persons 16 years and over in the civilian noninstitutional population who, during the reference week, (a) did any work at all (at least 1 hour) as paid employees; worked in their own business, ...
usual hours
Labor; Labor statistics
Respondents are asked the number of hours per week they usually work. This provides a measure of the usual full-time or part-time status of employed persons. All employed persons, both those who were ...
incidence rate
Labor; Labor statistics
Represents the number of injuries and/or illnesses per 100 full-time workers, calculated as follows: (N/EH) X 200,000, where: N = number of injuries and/or illnesses, EH = total hours worked ...
