7 Terms
Contributors in Labor statistics
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. All workers are ...
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 payments, rental ...
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 work during the ...
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, emphasis was ...
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).
