By Cornelia J. Strawser
In keeping with enterprise facts, this paintings provides ancient facts on company tendencies courting from 1966 to 1994. Readers locate profiles on development and housing, mining, oil and gasoline, production, transportation and utilities, retail and wholesale alternate, provider, and executive. additionally comprises an outline of old fiscal tendencies.
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1 percent of the working-age civilian noninstitutional population, reflecting increased participation by women in the paid work force. In addition, there was a shift of employment out of agriculture and into nonagricultural industries with significantly higher values of output per worker—a continuation of a trend that started at the dawn of the Industrial Revolution. 9 percent rate. 1 percent. ” There are other important differences as well. 7 percent in 1982. At the height of World War II, even lower unemployment rates were achieved.
Economic data makes comparisons and analysis more difficult for people who are not already immersed in the intricacies of the system. ” More generally, the constant labors of statistical agencies to incorporate new information and new understanding of the economy lead to frequent revisions of data. To help users understand these difficulties, the Notes and Definitions at the end of each chapter in Business Statistics explain concepts, definitions, measurement methods, and revision procedures. In these Special Notes, the editor will discuss briefly the measurement of employment and the measurement of employee compensation per hour.
The payroll survey’s last benchmark—to March 2003 employment records—resulted in a small downward revision of one-tenth of one percent. The preliminary estimate of the next benchmark revision—for March 2004—is for an upward revision of 236,000, or two-tenths of one percent. The historical average for benchmark revisions over the past decade has been plus or minus three-tenths of one percent. Hence, payroll employment continues to track closely with the universe of nonfarm payroll employment. With regard to the benchmark source data, BLS has reviewed information from publicly available UI management reports concerning the timeliness of new business enrollments into the UI system.