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A retirement plan that uses a specific predetermined formula to calculate the amount of an employee’s future benefit. In the private sector, defined benefit plans are typically funded exclusively by employer contributions. In the public sector, defined benefit plans often require employee contributions.
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A defined contribution plan is a type of retirement plan in which the amount of the employer's annual contribution is specified. Individual accounts are set up for participants and benefits are based on the amounts credited to these accounts (through employer contributions and, if applicable, employee contributions), plus any investment earnings on the money in the account.
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A value that allows data to be measured over time in terms of some base period, or, in more obscure terms, an implicit or explicit price index used to distinguish between those changes in the money value of gross national product which result from a change in prices and those which result from a change in physical output. The import and export price indexes produced by the International Price Program are used as deflators in the U.S. national accounts. For example, the Gross Domestic Product (GDP) consists of Consumption Expenditures+ Net Investment + Government Expenditures + Exports - Imports. Various price indexes are used to "deflate" each component of the GDP in order to make the GDP figures comparable over time. Import price indexes are used to deflate the Import component (i.e. Import Volume is divided by the Import Price index) and the Export price indexes are used to deflate the Export component (i.e. Export Volume is divided by the Export Price index).
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Job openings resulting from employment growth and the need to replace workers who leave an occupation.
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The number of employed persons.
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Includes paid sick leave, short-term disability, and long-term disability.
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A separation of an employee from an establishment that is initiated by the employer; an involuntary separation.
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Persons 20 years and over who lost or left jobs because their plant or company closed or moved, there was insufficient work for them to do, or their position or shift was abolished.
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One of 10 geographic areas of the United States defined by the Bureau of the Census and widely used by the Bureau of Labor Statistics for presenting regional data.
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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 (see definition of Unemployed below), duration of unemployment represents the number of full weeks they had been on layoff. The data do not represent completed spells of unemployment.
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