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Business: Employment: Terminology: E - Open Site
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Top: Business: Employment: Terminology: E (14)

Earnings

Remuneration (pay, wages) of a worker or group of workers for services performed during a specific period of time. The term invariably carries a defining word or a combination; e.g., straight-time average hourly earnings. Since a statistical concept is usually involved in the term and its variations, the producers and users of earnings data have an obligation to define them. In the absence of such definition, the following may serve as rough guides:
Hourly, daily, weekly, annual--Period of time to which earnings figures, as stated or computed, relate. The context in which annual earnings (sometimes weekly earnings) are used may indicate whether the reference includes earnings from one employer only or from all employment plus other sources of income;
average--usually the arithmetic mean; that is, total earnings (as defined) of a group of workers (as identified) divided by the number of workers in the group;
gross--usually total earnings, before any deductions (such as tax withholding) including, where applicable, overtime payments, shift differentials, production bonuses, cost-of-living allowances, commissions, etc.;
straight-time--usually gross earnings excluding overtime payments and (with variations at this point) shift differentials and other monetary payments (Also see Wages and Salaries).

Educational attainment

The highest diploma or degree, or level of work towards a diploma or degree, an individual has completed.

Employed persons

Persons 16 years and over in the civilian noninstitutional population who, during the reference week, (a) did any work at all (at least 1 hour) as paid employees, worked in their own business, profession, or on their own farm, or worked 15 hours or more as unpaid workers in an enterprise operated by a member of the family, and (b) all those who were not working but who had jobs or businesses from which they were temporarily absent because of vacation, illness, bad weather, childcare problems, maternity or paternity leave, labor-management dispute, job training, or other family or personal reasons, whether or not they were paid for the time off or were seeking other jobs. Each employed person is counted only once, even if he or she holds more than one job. Excluded are persons whose only activity consisted of work around their own house (painting, repairing, or own home housework) or volunteer work for religious, charitable, and other organizations.

Employer

A person or business that employees one or more people for wages or salary; the legal entity responsible for payment of quarterly unemployment insurance taxes or for reimbursing the state fund for unemployment insurance benefits costs in lieu of paying the quarterly taxe

Employment costs

Often referred to as total compensation cost (see Total Compensation). The National Compensation Survey program publishes data on trends in employment costs, including quarterly and annual percent changes in labor cost (Employment Cost Index) and employer costs per hour worked for each component of compensation (Employer Cost for Employee Compensation).

Employment-population ratio

The proportion of the civilian noninstitutional population 16 years and over that is employed.

Establishment

The physical location of a certain economic activity, for example, a factory, mine, store, or office. Generally a single establishment produces a single good or provides a single service. An enterprise (a private firm, government, or non-profit organization) could consist of a single establishment or multiple establishments. A multi-establishment enterprise could have all its establishments in one industry (i.e., a chain), or could have various establishments in different industries (i.e., a conglomerate).

Event or exposure

Signifies the manner in which the injury or illness was produced or inflicted, for example, overexertion while lifting or fall from ladder.

Expenditure shares

Expenditure shares tables show the portions of total expenditures (as percentages) allotted to each expenditure category. Tables organized by various demographic characteristics are available.

Expenditures

Expenditures consist of the transaction costs, including excise and sales taxes, of goods and services acquired during the interview or recordkeeping period. Expenditure estimates include expenditures for gifts, but exclude purchases or portions of purchases directly assignable to business purposes. Also excluded are periodic credit or installment payments on goods or services already acquired. The full cost of each purchase is recorded even though full payment may not have been made at the date of purchase. Expenditure categories include: Food, alcoholic beverages, housing, apparel and services, transportation, health care, entertainment, personal care products and services, reading, education, tobacco products and smoking supplies, miscellaneous, cash contributions, and personal insurance and pensions).

Expenditures

Expenditures consist of the transaction costs, including excise and sales taxes, of goods and services acquired during the interview or recordkeeping period. Expenditure estimates include expenditures for gifts, but exclude purchases or portions of purchases directly assignable to business purposes. Also excluded are periodic credit or installment payments on goods or services already acquired. The full cost of each purchase is recorded even though full payment may not have been made at the date of purchase. Expenditure categories include: Food, alcoholic beverages, housing, apparel and services, transportation, health care, entertainment, personal care products and services, reading, education, tobacco products and smoking supplies, miscellaneous, cash contributions, and personal insurance and pensions).

Export

A domestic good or service that is sold (export sale) abroad. Exports include government and non-government goods and services; however they exclude goods and services to the U.S. military, diplomatic, and consular institutions abroad. Exports do include goods and services that were previously imported.

Export sale

A sale is the price paid for the good or service, free alongside ship, as well as the inland freight, insurance, and other charges to transport the good or service to the carrier leaving the U.S. The sale price does not include the costs incurred after the good or service leaves the U.S. A sale, therefore, does not include personal and household movements of travelers and in-transit shipments.

Extended mass layoff

A situation in which the employer has separated at least 50 workers for more than 30 days.

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