Labor Force Programs Glossary

Source: U S Bureau of Labor Statistics

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This glossary is divided into nine sections:

 

 

1.      Terms common to all Labor Force Programs                            2

 

 

2.      Statistical terms common to all Labor Force Programs         10

 

 

3.      Terms used in the QCEW Program                                            15

 

 

4.      Terms used in the CES Program                                                 20

 

 

5.      Terms used in the OES Program                                                25

 

 

6.      Terms used in the CPS                                                                 29

 

 

7.      Terms used in the LAUS Program                                             32

 

 

8.                Terms used in the MLS Program                                                36

 

 

9.             Terms used in the JOLTS Program                                             40


 

This section of the glossary defines terms common to all Labor Force programs.

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Bureau of Economic Analysis  (BEA) - Part of the U.S. Department of Commerce.  A Federal statistical agency responsible for estimation of Gross Domestic Product.  Data from the CES and QCEW programs are used in the GDP estimates.

 

Bureau of Labor Statistics (BLS) - Part of the U.S. Department of Labor, this Federal agency functions as the principal data-gathering agency of the Federal government in the field of labor economics.  The BLS collects, processes, analyzes, and disseminates data relating to employment, unemployment, the labor force, productivity, prices, family expenditures, wages, industrial relations, and occupational safety and health.  Well known data released by BLS include: the Consumer Price Index, the Producer Price Index, the unemployment rate, and nonagricultural employment levels.

 

Bureau of the Census  - Part of the U.S. Department of Commerce.  It conducts censuses of population and housing every 10 years and of agriculture, business, governments, manufactures, mineral industries, and transportation at 5-year intervals.  The Census Bureau also conducts the monthly Current Population Survey (CPS) in cooperation with BLS.  Data from this survey are the source of unemployment statistics.

 

Business cycle - A periodically repeated sequence of fluctuations in the aggregate economy of an area, or the nation as a whole, varying in duration, but consisting of: a) upturn, including recovery and prosperity; b) cyclical peak; c) downturn, including recession; and d) cyclical trough.

Census Block - A subdivision of a census tract.  A block is the smallest geographic unit for which the Census Bureau tabulates data.

 

Census County Divisions (CCD's) - Statistical subdivisions of counties in States where minor civil divisions were not suitable for presenting Census data.  In these States, the MCD's are either too small, have lost nearly all meaning locally, or have frequent boundary changes.  CCD's have been established as relatively permanent statistical areas by the Bureau of the Census in cooperation with State and local groups.

 

Census Tract - Census-designated units are small parts of MA's and provide statistically comparable population and housing census tabulations.  Tracts are designed to be relatively similar in population characteristics, economic status, and living conditions.  The average tract has about 4,000 inhabitants.  Census tract boundaries are recommended by local census tract committees and approved by the Bureau of the Census.

Combined Statistical Area - A geographic entity consisting of two or more adjacent Core Based Statistical Areas (CBSAs) with employment interchange measures of at least 15.  Pairs of CBSAs with employment interchange measures of at least 25 combine automatically.  Pairs of CBSAs with employment interchange measures of at least 15, but less than 25, may combine if local opinion in both areas favors combination. 

Consumer Price Index (CPI) - A Bureau of Labor Statistics program which measures the average change in the prices of a fixed set of goods and services purchased by households.  It is the most commonly recognized measure of inflation.

Core - A densely settled concentration of population, comprising either an urbanized area (of 50,000 or more population) or an urban cluster (of 10,000 to 49,999 population) defined by the Census Bureau, around which a Core Based Statistical Area is defined.

Core Based Statistical Area (CBSA) - A general term that refers to both Metropolitan and Micropolitan Statistical Areas.  A CBSA is a geographic area that contains at least one core (urbanized area or urban cluster) of at least 10,000 in population, plus adjacent territory that has a high degree of social and economic integration with the core as measured through commuting ties.  Both types of CBSAs are defined in terms of entire counties.

 

County Business Patterns (CBP) - An annual publication issued by the Bureau of the Census.  CBP provides establishment-based employment totals of all employees covered under Social Security, by State and county, and by industry.  The data are for March of the reference year, but are published 2-3 years after the reference period.  Data are obtained from various Census Bureau establishment surveys and the administrative files of the IRS.

 

Current Employment Statistics (CES) Survey - A monthly survey of nonfarm 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 over 250 MA's.

 

Current Population Survey (CPS) - A monthly household survey of the civilian noninstitutional population of the United States.  This survey provides the National unemployment rate and a variety of statistics on employment, unemployment, and earnings, detailed by demographic characteristics, occupation, and industry.  The CPS is sponsored jointly by BLS and the US Census Bureau.  The Census Bureau conducts the survey and BLS analyzes and publishes the results.

 

Deliverable - As specified by the LMI cooperative agreement, any product required to be delivered by the States to BLS is generically called a "deliverable".

 

Department of Labor (DOL) - Cabinet-level agency which enforces laws protecting workers, promotes labor-management cooperation, sponsors employment training and placement services, oversees the unemployment insurance system, and produces statistics on the labor force and living conditions.

 

DBES - Division of Business Establishment Systems.  The division within the Directorate of Survey Processing (DSP) which includes the staff more commonly known as the QCEW and OES "project" offices.  This office is responsible for processing data and maintaining systems for the QCEW and OES Programs.

 

DCES - Division of Current Employment Statistics.  (Also known the CES “program office”.)  The division within OEUS/Office of Industry Employment Statistics which is primarily responsible for setting CES program policy and directives, and producing national CES estimates.

 

DFSMS - Division of Federal/State Monthly Surveys.  The division within DSP which includes the staff more commonly known as the CES, LAUS, and MLS "project" offices.  This office is responsible for processing data and maintaining systems for the CES, LAUS, and MLS Programs.

 

DSP - Directorate of Survey Processing  - The BLS office which includes the various "project offices" for the QCEW, CES, OES, LAUS, and MLS programs.  Also responsible for LABSTAT development and maintenance and for the BLS LAN.

 

DLAUS - Division of Local Area Unemployment Statistics.  (also known as the LAUS/MLS “program office”).  The Division within OEUS/ Office of Current Employment Analysis primarily responsible for LAUS and MLS program policy and directives.

 

DLFS - Division of Labor Force Statistics.  The division within OEUS/Office of Current Employment Analysis which is primarily responsible for analyzing and publishing data from the Current Population Survey.

 

DASLT - Division of Administrative Statistics and Labor Turnover.  (Also known as the QCEW program office”).  This division is responsible setting QCEW program policy and directives, producing national universe counts of employment and wages and maintaining the Longitudinal Data Base (LDB).  The Division is also the program office for the Job Openings and Labor Turnover Survey (JOLTS), producing monthly estimates of job openings, hires, and separations.

 

DOES - Division of Occupational Employment Statistics.  (Also known as the OES "program office").  Primarily responsible for OES survey program policy and directives and producing national OES data.

 

DOT - The Department of Labor's Dictionary of Occupational Titles.

 

Durable goods - Manufactured items generally considered to have a normal life expectancy of three years or more. Automobiles, furniture, household appliances, and mobile homes are common examples.

 

Economic indicator - A set of data that serves as a tool for analyzing current economic conditions and future prospects.  Usually classified according to their timing in relationship to the ups and downs of the business cycle, that is, whether they anticipate (lead), coincide with, or lag behind general business conditions.

 

Electronic Data Interchange (EDI) - A developing network of standardized automated data interchange between and among private industry and the government.  One of the many uses of EDI is the collection of data for statistical surveys.

 

Electronic Data Interchange (EDI) Collection Center - An Office of Field Operations run center in Chicago designed for the express purpose of collecting data from large firms via EDI for Labor Force Programs.

 

Employer Identification Number (EIN) - A 9-digit identification number assigned to employers by the U.S. Internal Revenue Service.

 

Employment and Earnings - A monthly publication of the Bureau of Labor Statistics, containing current data for the CPS, CES, and LAUS programs.

 

Employment and Training Administration (ETA) -  A part of the U.S. Department of Labor.  This agency oversees the State UI programs and job training and placement services provided by State Employment Security Agencies.

 

Establishment - An economic unit that produces goods or services, usually at a single physical location, and engaged in one or predominantly one activity.

 

Federal Information Processing Standards (FIPS) - Standards for information processing issued by the National Bureau of Standards in the U.S. Department of Commerce.  Includes a numeric designation for geographic areas such as States, counties, and MA's.

 

Federal Reserve Board (Fed) - An independent government agency primarily responsible for keeping inflation under control. The Fed's best weapon in the fight against inflation is control over certain short term interest rates.  The Fed is a key user of Labor Force Program data.

 

Federal/State Cooperative Programs - A series of programs in which the States and Federal government cooperate in accomplishing the goals of the program.  CES, QCEW, OES, LAUS, and MLS are Federal/State cooperative programs.

 

Firm - A business entity, either corporate or otherwise.  May consist of one or several establishments.

 

Fiscal Year (FY) - A 12-month period established for budgetary and accounting purposes.  In the Federal Government, the fiscal year begins October 1 and ends September 30.

 

FUTA - Federal Unemployment Tax Act.  This Act became Chapter 23, Sections 3301-3311, of the U.S. Internal Revenue Code, authorizing the tax imposed on employers with respect to persons they employ for the purpose of funding unemployment insurance benefits. The FUTA made possible the federal/state system which established an employment security program in each state.

 

GDP - Gross Domestic Product.  The total of all goods and services produced by the US economy.  GDP is compiled quarterly by the US Department of Commerce, Bureau of Economic Analysis.  CES employment and earnings data are used for advance GDP estimates.  QCEW wage data are used for the final GDP estimates.

 

Goods producing industries - Those industries that primarily produce goods.  Mining, construction, and manufacturing.

 

Household - As defined by the Census Bureau, all persons who occupy a housing unit.  A housing unit is a room or group of rooms intended for occupancy as separate living quarters and having either a separate entrance or complete cooking facilities for the exclusive use of the occupants.

 

Industry - Describes the type of economic activity engaged in by a group of firms as used in the compilation of economic statistics.  The North American Industrial Classification System (NAICS) provides numerical classifications for industries.

Job Openings and Labor Turnover Survey (JOLTS) - A monthly survey of nonfarm establishments in both the private and public sectors, producing estimates of job openings, hires, and total separations (quits, layoffs, and discharges, and other separations).  DASLT is the program office, DBES is the project office, and SMS is the statistical office for this program.

 

Labor dispute - Any controversy concerning terms or conditions of employment, or concerning the association or representation of persons in negotiating, fixing, maintaining, changing, or seeking to arrange terms or conditions of employment, regardless of whether or not the disputants stand in the proximate relation of employer and employee.

 

Labor Market Area (LMA) - An economically integrated geographical unit within which workers may readily change jobs without changing their place of residence.  All States are divided into exhaustive LMA’s, which usually consist of (except in New England) a county or a group of contiguous counties.

 

LABSTAT - BLS's automated repository of data, available through the INTERNET.  LABSTAT is a database that contains most published BLS data.  At this time, not all published BLS data are available on LABSTAT.

 

Local Area Unemployment Statistics (LAUS) Program - A Federal/State cooperative program which produces employment, labor force, and unemployment estimates for States and local areas.

 

LMI -1.  Labor Market Information.  The body of data available on a particular labor market, including employment and unemployment statistics, occupational statistics, and average hours and earnings data.

 

            2.  LMI is also used to refer to the statistical research and analysis offices of the State Employment Security Agencies.  These offices are also referred to as Research and Analysis (R & A) or Research and Statistics (R & S) offices.

 

LMI Cooperative Agreement - A series of cooperative agreements between the State Employment Security Agencies and BLS for the collection and sharing of Labor Market Information, including the QCEW, CES, OES, LAUS, and MLS programs.

 

Macrodata - Single establishment or household (micro) data aggregated to any level.  Data at the estimating cell level and summary cell levels are all macrodata.  Compare to microdata.

 

Mass Layoff Statistics (MLS) program - A BLS Federal/State cooperative program which collects and publishes data on layoffs of 50 or more persons from a single company.

Metropolitan Statistical Area (MSA) - The general concept of a Metropolitan Statistical Area or a Micropolitan Statistical Area is that of an area containing a recognized population nucleus and adjacent communities that have a high degree of integration with that nucleus. The definitions provide nationally consistent definitions for collecting, tabulating, and publishing Federal statistics for a set of geographic areas.  OMB establishes and maintains the definitions of Metropolitan and Micropolitan Statistical Areas, Combined Statistical Areas, and New England City and Town Areas solely for statistical purposes.

 

A Metropolitan Statistical Area has at least one urbanized area of 50,000 or more population, plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties.  Metropolitan Statistical Areas are defined in terms of whole counties (or equivalent entities) in all States including the six New England States.

 

Micropolitan Statistical Area - A Micropolitan Statistical Area is a new type of statistical areas which has at least one urban cluster of at least 10,000 but less than 50,000 population, plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties.  Micropolitan Statistical Areas are defined in terms of whole counties (or equivalent entities), in all States including the six New England States.

 

Microdata - Data reported from an individual establishment or household.  Data on a single BLS-790 form or a single UI contribution report are microdata.  Compare to macrodata.

 

Multi establishment - A firm or reporting unit which consists of more than one establishment.

 

National Office (NO) – Generic term used to refer to the offices and employees of BLS in Washington, DC.

 

Nondurable goods - Manufactured items generally considered to last for three years or less.  Food, beverages, clothing, shoes, and gasoline are common examples.

 

Nonresponse - Failure to obtain usable data for eligible units.

 

Numbered Memoranda - A series of technical memoranda issued for the purpose of disseminating information to Regional offices (R-memos) and States (S-memos) on new developments in the Fed/State programs, changes in operating procedures, and updates to manuals.

 

North American Industry Classification System (NAICS) - The system of classifying business establishments used by the USA, Mexico, and Canada.  The NAICS Manual is published by the Office of Management and Budget.

 

Occupational Employment Statistics (OES) Program.  A Federal/State cooperative program which collects detailed occupational data by industry in a 3-year cycle.

 

Office of Employment and Unemployment Statistics (OEUS) - The BLS office which includes the various "program offices" of the Labor Force Programs: OEUS program office divisions are:  DCES (CES), DASLT (QCEW), DOES (OES), DLFS (CPS), and DLAUS (LAUS and MLS).  OEUS also includes other divisions:  Statistical Methods Staff (SMS), Employment Research Staff.

 

Office of Field Operations (OFO) - The BLS office which directs the work of its regional offices and acts as a liaison between the national office and the regions.  Regional offices are also considered part of the Office of Field Operations.

 

Office of Management and Budget (OMB) - Located in the Executive Office of the President, this agency prepares the President's budget with the Council of Economic Advisors and the Treasury Department.  OMB also oversees all Federal data collection.  Among other duties, this federal agency is responsible for enforcing the Paperwork Reduction Act and, in so doing, must approve all surveys and data collection forms which represent a reporting burden on employers.

 

Out-of-business (OOB) - Status assigned to a unit which was once active but which has permanently ceased to conduct business or perform services and industrial operations.

 

Out-of-scope (OOS) - Status assigned to a unit which does not form part of the target population as defined by the scope of a survey.  The reported NAICS code, ownership code, or employment of a unit may cause it to fall outside the scope of a survey.

 

Ownership code - A numerical code which specifies the several layers of government and the private sector of the economy. 

                        10                    Federal government

                        20                    State government

                        30                    Local government

                        40                    International or foreign government

                        50                    Private

 

Parent organization or company - A company which owns or operates one or more subsidiary companies or establishments.

 

Project offices - Generic term for the Divisions within the Directorate of Survey Processing (DSP) responsible for computer processing and User Manual documentation of the various Labor Force Program surveys.  See DBES and DFSMS.

 

Program offices - Generic term for the Divisions within Office of Employment and Unemployment Statistics (OEUS) responsible for the overall management and direction of the various Labor Force Programs.  See DCES, DLAUS, DASLT, and DLFS.

 

Quarterly Census of Employment and Wages (QCEW) Program - A Federal/State cooperative program which collects and compiles employment and wage data for workers covered by State unemployment insurance (UI) laws, and Federal civilian workers covered by UCFE.  State Employment Security Agencies collect and compile quarterly UI contribution reports which are submitted by all employers.  These data are maintained in the State in micro and macrodata forms, and are also shipped to BLS.  Any data from this program may also be generically referred to as "ES-202" data.

 

Railroad Retirement Board (RRB) - An independent agency in the executive branch of the U.S. government which administers a comprehensive social insurance system for the nation's railroad workers and their families, providing protection against the loss of income resulting from old age, disability, death, unemployment, and temporary sickness.

 

Reference date - The reference date of a sample frame is the date when the characteristics of the population existed on the frame.  The reference date of the survey, however, is the date for which the respondents are requested to submit the data.

 

Regional Office (RO) - Term used to refer to the offices and employees of the Bureau of Labor Statistics in the six regional office locations outside of Washington, DC:  Boston, Philadelphia, Atlanta, Chicago, Dallas, and San Francisco.

 

Schedule - A term sometimes used to refer to a survey questionnaire.

 

Series break - A large change in the level of a time series resulting from: A major change in methodology; A major change in industry definition; A major industry or area coding error; The permanent loss of a major reporter;  Area redefinition.  If a series has been broken, data prior to the break are not comparable to data after the break.

 

Service providing industries - Those industries that primarily provide services as opposed to goods.

 

State and Workforce Agency (SWA) - Generic name for the State agency usually responsible for three activities:

 

 1)        The Unemployment Insurance (UI) Program --  UI tax collection, administration, and determination and payment of unemployment benefits.

 

 2)        The Employment or Job Service Program -- an exchange for workers seeking work and employers seeking workers.

 

 3)        Research and Analysis -- collection, analysis, and publication of labor market information.

 

StateWeb - An Intranet site with extensive program documentation and other resources for the Labor Force programs.  It is available only to State users with BLS accounts.

 

Statistical Methods Staff (SMS) - A division within OEUS which researches and sets statistical standards for Federal/State surveys.

 


 

This section defines statistical terms common to all Labor Force programs.

Return to Table of Contents

 

Benchmark - A point of reference (either an estimate or a count) from which measurements can be made or upon which adjustments to estimates are based.  See individual program glossaries for specific program references to benchmarks.

 

Bias - The difference between the expected value of the estimate from a probability sample and the true value of the population.

 

Births -  1) Those units which are within scope of a survey as of the reference date of the survey but were not in the sampling frame.  They include units which existed in the universe but were not on the sampling frame as well as units which came into existence after the creation of the sampling frame.  2) Within the QCEW program Longitudinal Data Base system, a business Birth is defined as a unit appearing for the first time with non-zero employment for which no predecessor unit in the previous time period is identified.

 

Census - A complete count (as opposed to a sample) of a specified population or some other measurable characteristic in a given area (housing, industry, etc.).

 

Certainty unit - A universe unit whose probability of selection is one; therefore, it is sure to be included in the sample.

 

Confidence interval - A measure of the range of probable parameters attributable to the sample design (estimate plus or minus the standard error).  The BLS standard is generally the 90 percent level of confidence.

 

Correlation - The statistical technique which relates a pair of variables in order to determine how close the relationship is between the variables.

 

Deaths - 1) Units which were in a sampling frame but are not now within the scope of the survey.  They include units which have gone out of business, have changed to an out-of-scope NAICS, or were erroneously included on the sampling frame.  2) Within the QCEW program Longitudinal Data Base system, a business Death is defined as a unit that over some period of time ceases reporting with no successor identified or decreases employment from greater than zero to zero and does not resume operations (i.e. report positive employment) during the subsequent four quarters.

 

Disaggregate - Divide a statistic into its component parts.

 

Estimate - A numerical quantity calculated from sample data, or from a model, and intended to provide information about a universe.

 

Estimating cell - The most basic or lowest level (or strata) for which estimates are made.  All higher level strata are aggregations of estimating cells.  For establishment surveys, the estimating cell structure is generally stratified by NAICS, area, and size of establishment.  For household surveys, the estimating cell structure is generally stratified by demographic characteristic

 

Extrapolate - To project values of a variable in an unobserved interval from values within an already observed interval.

 

Interpolate - To estimate values of a variable between two known values.

 

Mean - A number typifying or representing a set of observations, obtained by dividing the sum of the observations by the number of observations.  The mean can be weighted or unweighted.

 

Mean Square Error (MSE) - A measure of the total error that can arise in an estimate.  It is equal to the variance plus the bias squared.  Mean square error is a more comprehensive measure of estimation error than is variance and, hence, is an important statistical analytical tool.

 

Months for Cyclical Dominance (MCD) - An estimate of the time span required to identify significant cyclical movements in a monthly economic time series.  The MCD indicates the shortest span of months over which changes in the series are dominated by cyclical rather than irregular or erratic movements.

 

Moving average - A series of calculations made by initially taking the simple average, or arithmetic mean, of a consecutive number of items, and then dropping the first item and adding the next item in sequence and averaging, so that the number of items in the series remains constant.  This is a continuous process.

 

Non-sampling error - Any error in the estimate other than the sampling error.  Non-sampling error can arise from the use of an inaccurate sampling frame, improper sample allocation and selection procedures, poorly designed survey questionnaires, inaccurate data clarification/verification techniques, inaccurate reporting or coding from survey respondents, errors in estimation methodology, incorrect specifications, human error in execution and validation, computer program errors, etc.  It is important to note that non-sampling errors also occur in censuses.

 

Optimum allocation - An allocation procedure for stratified sampling which, for a given target relative error, will generate the minimum necessary sample size.

 

Probability of selection - (Also referred to as sampling rate and sampling ratio) The numerical value expressing the likelihood that a particular unit will be selected in a sample.  All units (within scope) on the sampling frame should have a probability greater than 0, but less than or equal to 1 (0 < p <= 1) of being in the sample.

 

Probability sampling - (Also referred to as "Random Sampling")  A sampling procedure which gives each of the possible samples a fixed and determinate probability of selection or which gives each unit on a sampling frame a fixed and known chance of being included in the sample.  Probability samples permit the calculation, from the sample data, of measures of reliability for the estimates.

 

Regression - A statistical tool which utilizes the relation between two or more variables so that one variable can be predicted or estimated from the other(s).

 

Relative error - The difference between the estimate and the actual population value expressed as a percentage of the latter.

 

Relative error, target - A value assigned to the relative error which specifies the degree of precision desired in an estimator.

 

Relative standard error - The ratio of the standard error of an estimator to the estimator's expected value.  An estimate of it is the estimated standard error divided by the estimate.  (Also coefficient of variation, or CV).

 

Reliability - The degree of confidence that can be assigned to an estimate.

 

Sample - A subset of a universe.  Usually selected as representative of the universe.

 

Sample allocation - The process of assigning a sample size or sampling rate to each stratum in a stratified sampling plan.

 

Sample frame - (also known as "frame").  A listing of all units in the universe, from which a sample can be drawn.   

 

Sample plan - (also called sample design). The procedures that are used for sample allocation, selection, and estimation.  It is often the object of a sample plan to provide the best possible representation of the universe for a fixed cost.

 

Sample refinement - The process by which newly selected sample units are investigated prior to solicitation.  "Sample refinement" can involve identification of establishments within a reporting unit, correction of addresses, determination of industrial classification to a finer level of detail, etc.

 

Sample survey - A survey in which only a sample or part of the population is studied.

 

Sample weight - A numerical value, assigned to a sample unit for use in estimation.  It is equal to the sampling rate reciprocal.

 

Sampling error - The measure of sampling variability, that is, the variations that might occur by chance because only a sample of the population is surveyed.  In other words, that part of the error of an estimate which is due to the fact that the estimate is obtained from a sample rather than from a census of the universe.

 

Sampling ratios - The proportion of units needed to be sampled to provide data of a specified level of statistical reliability.  Sampling ratios vary by cell, depending on the degree of variability of the measured item.

 

Seasonal adjustment - Adjustment of time-series data to eliminate the effect of seasonal variations.  Examples of such variations include school terms, holidays, yearly weather patterns, etc.

 

Standard deviation - A measure of dispersion around the mean value of a population.  Frequently denoted by sigma, (s) is the square root of the variance.

 

Strata - The parts into which a sample frame are partitioned according to predetermined criteria for the purpose of sampling and estimation.  In Federal/State programs, these strata are usually based on NAICS, geographic area, and size.  The process of partitioning the sample frame is called "stratification".

 

Survey - A study of all or a portion of the whole, conducted for the purpose of making generalized statements about the whole.

 

Survey design - All procedures used in a survey.  Includes frame development, sample design, form design, tabulation plans, etc...

 

Time series - A variable in which the values are successive observations over time.  A key characteristic of a time series is that any 2 points in a time series can be compared.  Data produced by the CES, OES, CPS, LAUS, MLS and JOLTS programs are economic time series.