Import (M) –
A good or service purchased from foreign suppliers.
[See also -
Export]
Import–competing Industry – A domestic industry that produces the same or a close substitute good that competes in the domestic market with imports.
Income
– A recurrent
benefit, usually measured in money, which derives from capital and
labor. The major elements of income are wages (including tips
and bonuses), rents, interest, and dividend income, transfer
payments, and proprietors' income.
[See also -
Wages]
Index Number – A measure of the relative changes occurring in a series of values compared with a base period. The base period usually equals 100, and any changes from it represent percentages. By use of an index number, large or unwieldy business data, such as sales in thousands of dollars or costs in dollars and cents, are reduced to a form in which they can be readily used and more easily understood.
Index of Leading Economic Indicators – An index that includes 12 economic variables that have been found to have a historical tendency to precede the turning points of the level of Gross National Product. The index is a composite of those 12 indicators.
Industry – An establishment or group of establishments engaged in producing similar types of goods and services.
[See also -
North American
Industrial Classification System (NAICS)]
Industry
Clusters – Industry
clusters are groups of competing, collaborating and interdependent
businesses working in a common industry and concentrated in a
geographic region. Clusters draw on shared infrastructure and a
pool of skilled workers and represent the specialization and
comparative advantage of the region. A synergistic effect is
realized when successful companies that focus on a particular industry
then cluster locally.
Industry-Occupation (I-O) Matrix –
A tabulation of employment data cross-classified by industry and
occupation, arranged in a grid divided into rows and columns. It
provides a model representing the occupational employment staffing
patterns of each industry for one point in time.
[See also -
North American
Industrial Classification System (NAICS),
Occupational
Employment Statistics (OES),
Standard Occupational Classification (SOC)]
Inflation –
A continuously rising general price level, resulting in a loss of the purchasing power of money.
[See also -
Consumer Price Index
(CPI),
Core
Inflation Rate,
Employment Cost Index (ECI)]
Initial Claim –
An initial claim is any notice of unemployment filed by an individual to initiate 1) a determination of entitlement to and eligibility for compensation (a new claim); 2) a subsequent period of unemployment within a benefit year or period of eligibility (an additional claim); or 3) a new claim filed to request a determination of eligibility and establishment of a new benefit year within an existing spell of unemployment (transitional claim).
Insured Unemployment –
Unemployment during a week for which waiting period credit or benefits are claimed under the regular unemployment insurance compensation programs, supplemental extended benefit programs, or the railroad unemployment insurance program, is considered insured.
Insured Unemployment Rate (IUR) –
The rate computed by dividing
insured unemployment by covered employment.
Interpolate –
To estimate values of a variable between two known values.
