Labor statistics

Labor statistics

Industry: Labor

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Labor statistics

Hourly compensation costs

Labor; Labor statistics

Hourly compensation costs, as measured in the BLS international comparison series, are defined as (1) all payments made directly to workers—pay for time worked (basic time and piece rates plus ...

Contingent workers

Labor; Labor statistics

Workers who do not have an implicit or explicit contract for long-term employment. BLS uses three alternative measures of contingent workers that vary in scope.

Most significant source of postsecondary training

An occupation is classified into 1 of 11 categories that best describes the postsecondary education or training needed by most workers to become fully qualified in the occupation. The categories are ...

Most significant source of postsecondary education

Labor; 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 ...