Capital
The means of production including factories, office buildings, machinery, tools, and equipment; alternatively, it can mean financial capital, the money to acquire the foregoing and employ land and labor resources.
Census A census is a complete count or enumeration (as opposed to a sample or an estimate) of a specified population or some other characteristics in a given area (housing, industry, etc.).
[See also -
American Community
Survey (ACS)]
Census Bureau or Bureau of the Census (BOC) The BOC is a bureau of the U.S. Department of Commerce. It conducts censuses of population and housing every 10 years and of agriculture, business, governments, manufacturers, mineral industries, and transportation at five-year intervals. It also conducts the Current Population Survey (CPS) for the
Bureau of Labor Statistics.
[See also -
Current Population Survey (CPS)]
Census Tracts
A small, relatively permanent statistical subdivision of a county delineated by a
local committee of census data users for the purpose of presenting data. Census tract boundaries normally follow visible features, but may follow governmental unit boundaries and other non-visible features in some instances; they always nest within counties. Designed to be relatively homogeneous units with respect to population characteristics, economic status, and living conditions at the time of establishment, census tracts average about 4, 000 inhabitants. They may be split by any sub-county geographic entity.
Civilian Labor Force The sum of all employed and unemployed
people excluding people under 16 years of age, inmates of
institutions, and members of the armed forces, who are on active duty.
[See also -
Employed,
Labor Force,
Labor Force
Participation Rate, and
Unemployed]
Civilian Labor Force Participation Rate
The proportion of the civilian non-institutional population over 16 years of age that is actively participating in the civilian labor force.
Civilian Non-institutional Population
Total population age 16 or older excluding prison inmates or those
hospitalized or in some other form of institution.
Claimant The claimant is a person who files either an initial claim or a continued claim under
1) a state or federal unemployment compensation program, or 2) any
other program administered by the state agency.
Class of Worker There are three classes of workers: 1) wage and salary workers who receive wages, salary, commission, tips, or pay in kind from an employer; 2) self-employed people who work for profit or fees in their own business, profession, or trade, or on their own farms; and 3) unpaid family workers who work without pay for 15 or more hours a week on a farm or in a business operated by a household member to whom they are related by birth, marriage, or adoption.
Collective Bargaining
A process by which decisions regarding the wages, hours, and conditions of employment are determined by the interaction of workers acting through their unions and employers.
Combined
Statistical Area
A labor market area representing two or more adjacent micropolitan
and/or metropolitan statistical areas in any combination.
Consumer Price Index (CPI)
A statistical measure of changes in the prices of a representative sample of urban family purchases relative to a previous period.
[See also -
CPI in Greater Detail,
Employment cost Index
(ECI) and
Inflation]
Continued Claim
This is a claim filed after the initial claim, by mail, telephone, electronically, or in person, for waitingperiod credit or payment for a certified week of unemployment.
Core Inflation Rate
The rate
of increase of prices of a set group of goods and services,
excluding more volatile prices, such as food and energy prices.
[See also -
Consumer
Price Index (CPI),
Employment Cost Index (ECI),
Inflation]
Cost-of-Living Adjustment (COLA) A frequently used provision of labor contracts that grants wage increases based on changes in the consumer price index; often referred to in negotiations as the escalator clause.
Covered Employment Those jobs covered by an unemployment compensation program are considered covered employment. Presently, those jobs for which coverage is not required in Iowa include most agricultural workers; employees of religious organizations; railroad workers; elected state and local government officials; federal government employees; military personnel; student workers at universities, interns, and student nurses; self-employed workers; sole proprietors and their immediate families.
Current Employment Statistics (CES) Survey A monthly survey of non-farm business establishments used to collect wage and salary employment, worker hours, and payroll, by industry and area. Through the federal/state cooperative effort, these data are used to compute current monthly employment, hours, and earnings estimates, by industry, for the nation, the 50 States and the District of Columbia, and more than 250 metropolitan areas.
[See also -
Metropolitan Area]
Current Population Survey (CPS)
A national household survey conducted by the Bureau of the Census for the Bureau of Labor Statistics. The CPS provides a variety of demographic, economic, and social characteristics on the civilian non-institutional population 16 years of age and older. Data are collected each month from a probability sample of approximately 59,500 occupied
households. The sample is based on the activity of the household for the calendar week that includes the 12th of the month.
[See also -
Census Bureau,
Demographics]
Cyclical Industry
An industry whose sales and profits reflect to a great extent the ups and downs of the business cycle. Practically all of the capital goods industries (steel, machine tools, etc.) are cyclical because a moderate decline may eliminate the demand for the capital goods needed to make the final product.
Cyclical Unemployment
Unemployment that is caused by periodic declines in business activity that give rise to inadequate demand for workers in the economy.
[See also -
Frictional
Unemployment,
Recession,
Structural
Unemployment,
Unemployment Insurance]
Alphabetical Glossary
Listing
Glossary
References
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