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Workers who receive wages, salaries, commissions, tips, payment in kind, or piece rates. The group includes employees in both the private and public sectors.
Hourly straight-time wage rate or, for workers not paid on an hourly basis, straight-time earnings divided by the corresponding hours. Straight-time wage and salary rates are total earnings before payroll deductions, excluding premium pay for overtime and for work on weekends and holidays, shift differentials, and nonproduction bonuses such as lump-sum payments provided in lieu of wage increases (Also see Earnings).
Usually, 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 (e.g. 7 consecutive days).
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The National Compensation Survey produces levels of work within an occupation. The duties and responsibilities of a job are evaluated using 9 factors (such as knowledge, supervision received and complexity of the work) in determining a work level. Levels vary by occupation, ranging from 1-15. For example, a level 1 may represent an entry level, while a level 15 demonstrates mastery.
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 shifted from one index encompassing the whole economy, to three main indexes covering the stages of production in the economy. By changing emphasis, BLS eliminated the double counting phenomenon inherent in aggregate commodity-based indexes.
The number of total separations during the month divided by the number of employees who worked during or received pay for the pay period that includes the 12th of the month (monthly turnover); the number of total separations for the year divided by average monthly employment for the year (annual turnover)
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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.
Persons who work in a family business or farm without pay for 15 hours a week or more.
First, the respondent is asked the number of hours (s)he usually works per week. This provides a measure of the usual full-time/part-time status of employed persons. All employed persons, both those who were at work and those who were absent from work, are asked about the number of hours they usually work.
Data represent wage and salary earnings before taxes and other deductions, and include any overtime pay, commissions, or tips usually received (at the main job, in the case of multiple jobholders). Earnings reported on a basis other than weekly (for example, annual, monthly, hourly) are converted to weekly. The term "usual" is as perceived by the respondent. If the respondent asks for a definition of usual, interviewers are instructed to define the term as more than half the weeks worked during the past 4 or 5 months. Data refer to wage and salary workers only, excluding all self-employed persons regardless of whether their businesses were incorporated and all unpaid family workers.