- Industri: Government; Labor
- Number of terms: 77176
- Number of blossaries: 0
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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 produced with the inputs that were used in production.
Industry:Labor
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 produced with the inputs that were used in production.
Industry:Labor
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 100.
Industry:Labor
A person or business employing one or more persons for wages or salary; the legal entity responsible for payment of quarterly unemployment insurance taxes or for reimbursing the State fund for unemployment insurance benefits costs in lieu of paying the quarterly taxes.
Industry:Labor
A group of establishments that produce similar products or provide similar services. For example, all establishments that manufacture automobiles are in the same industry. A given industry, or even a particular establishment in that industry, might have employees in dozens of occupations. The North American Industry Classification System (NAICS) groups similar establishments into industries. NAICS is replacing the former Standard Industrial Classification (SIC) system.
Industry:Labor
Data refer to union members, as well as workers who reported no union affiliation but whose jobs are covered by a union or an employee association contract.
Industry:Labor
Data in which the same units are observed over multiple time periods. Another term for longitudinal data is panel data. For example, the BLS National Longitudinal Surveys (NLS) program collects data from several groups of individuals over many years on an annual or biennial basis.
Industry:Labor
Data are presented for four major regions: Northeast, Midwest, South, and West. * Midwest: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. * Northeast: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. * South: Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, and West Virginia. * West: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.
Industry:Labor
Compensation costs are defined as the sum of wage and salary accruals and supplements to wages and salaries. Wage and salary accruals consist of the monetary remuneration of employees, including the compensation of corporate officers; commissions, tips, and bonuses; voluntary employee contributions to certain deferred compensation plans, such as 401(k) plans; employee gains from exercising nonqualified stock options; and receipts in kind that represent income. Supplements to wages and salaries consist of employer contributions for social insurance and employer payments (including payments in kind) to private pension and profit-sharing plans, group health and life insurance plans, privately administered workers' compensation plans. For employees (wage and salary workers), hourly compensation is measured relative to hours at work and includes payments made by employers for time not at work, such as vacation, holiday, and sick pay. Because compensation costs for the business and nonfarm business sectors would otherwise be severely understated, an estimate of the hourly compensation of proprietors of unincorporated businesses is made by assuming that their hourly compensation is equal to that of employees in the same sector.
Industry:Labor
BLS publishes what is called a "relative importance" for each commodity and commodity grouping. The relative importance of an item represents its basic value weight, including any imputations, multiplied by the relative of price change from the weight date to the date of the relative importance calculation, expressed as a percentage of the total value weight for the "all commodities" category.
Industry:Labor
