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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.
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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).
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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 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.
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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.
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Estimates of the number of years individuals would spend in the labor force based on mortality conditions, labor force entry and exit rates, and demographic characteristics. Worklife estimates from the Bureau of Labor Statistics were last updated in February 1986.
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