
Contributors in Labor statistics
Labor statistics
Market basket
Labor; Labor statistics
The market basket is a package of goods and services that consumers purchase for day-to-day living. The weight of each item is based on the amount of expenditure reported by a sample of households.
Transaction price
Labor; Labor statistics
The market sale price of a good or input shows what has to be given in exchange to obtain a good or service. It is usually denoted in money terms, although payment need not be in a monetary form. The ...
Duration of unemployment
Labor; Labor statistics
The length of time in weeks (through the current reference week) that persons classified as unemployed had been looking for work. For persons on layoff who are counted as unemployed, duration of ...
Job tenure
Labor; Labor statistics
The length of time an employee has worked for his or her current employer. The data do not represent completed spells of tenure.
Labour force
Labor; Labor statistics
The labour force includes all persons classified as employed or unemployed in accordance with the definitions contained in this glossary.
Metropolitan statistical areas (MSAs)
Labor; Labor statistics
The general concept of an MSA is one of a large population nucleus, together with adjacent communities which have a high degree of economic and social integration with that nucleus. These are defined ...
Labour force participation rate
Labor; Labor statistics
The labour force as a percent of the civilian noninstitutional population.