- Industry: Government; Labor
- Number of terms: 77176
- Number of blossaries: 0
- Company Profile:
The distinction between complete and incomplete income reporters generally is based on whether the respondent provided values for major sources of income, such as wages and salaries, self-employment income, and Social Security income. Even complete income reporters may not have provided a full accounting of all income from all sources. In the current survey, across-the-board zero income reporting was designated as invalid, and the consumer unit was categorized as an incomplete reporter. In all tables, income data are for complete income reporters only.
Industry:Labor
The expected or actual period of employment for the week, usually expressed in number of hours. Some uses of the term may relate to the outside dimensions of a week (for example, 7 consecutive days).
Industry:Labor
The ECEC series shows employer costs per hour worked for wages and salaries and individual benefits. Cost data are presented in both dollar amounts and as percentages of compensation.
Industry:Labor
The diary day is the day about which the designated person reports his or her activities for the American Time Use Survey. For example, the diary day of a designated person interviewed on Tuesday is Monday.
Industry:Labor
The description of a good or service that includes all price-determining characteristics and any other information necessary to distinguish the item from all others.
Industry:Labor
The CPS, a survey of households, asks respondents about their labor market activities during a specific week each month. That week, called the survey reference week, is defined as the 7-day period, Sunday through Saturday, which includes the 12th of the month.
Industry:Labor
The CPS provides data by race, with the race given by the household respondent. Since 2003, respondents are allowed to choose more than one race; previously, multiracial persons were required to select a single primary race. Persons who select more than one race are classified separately in the category “two or more races. ” Persons who select one race only are classified in one of the following five categories: 1) white, 2) black or African American, 3) Asian, 4) Native Hawaiian and other Pacific Islander, and 5) American Indian or Alaska Native. Only data for whites, blacks, and Asians are currently published because the number of survey respondents for the other racial categories is not large enough to produce statistically reliable estimates.
Industry:Labor
The business sector is a subset of the domestic economy and excludes the economic activities of the following: general government, private households, and nonprofit organizations serving individuals. The business sector accounted for about 78 percent of the value of gross domestic product (GDP) in 2000.
Industry:Labor
The average number of hours per day is computed using all responses from a given population, including respondents who did not do a particular activity on their diary day.
Industry:Labor
Sum(p2q1)/Sum(p1q1): A weighted aggregative index showing the ratio of expenditures in the current period (p2q1, where p2 is the current period price and q1 is the base period quantity) to the expenditure in the base period (p1q1, where p1 is the base period price and q1 is the base period quantity) to purchase the identical market basket of items. It answers the question "How much more or less does it cost now to purchase the same items as in the base period?" The main shortcoming of the Laspeyres index is that it does not track actual expenditures because consumers adjust their buying in response to changes in relative price, which changes the composition of the market basket. This invalid assumption that consumer demand is totally price inelastic causes the index to overstate the actual effect on consumers when there is a change in prices.
Industry:Labor
