7 Terms
Contributors in Labor statistics
Labor statistics
wage and salary workers
Labor; Labor statistics
Workers who receive wages, salaries, commissions, tips, payment in kind, or piece rates. The group includes employees in both the private and public sectors.
comparative advantage
Labor; Labor statistics
When one nation's opportunity cost of producing an item is less than another nation's opportunity cost of producing that item. A good or service with which a nation has the largest absolute advantage ...
usual weekly earnings
Labor; Labor statistics
Wage and salary earnings before taxes and other deductions; includes any overtime pay, commissions, or tips usually received (at the main job, in the case of multiple jobholders). Earnings reported ...
permanent job losers
Labor; Labor statistics
Unemployed persons whose employment ended involuntarily and who began looking for work.
unit value indexes
Labor; Labor statistics
Unit value indexes are calculated by dividing the total value of goods in a commodity area by the total quantity of goods in that commodity area.
unit labor costs
Labor; Labor statistics
Unit labor costs show the growth in compensation relative to that of real output. These costs are calculated by dividing total labor compensation by real output. Changes in unit labor costs can be ...
job leavers
Labor; Labor statistics
Unemployed persons who quit or otherwise terminated their employment voluntarily and immediately began looking for work.
