22.1 Labor Market Indicators
MyEconLab Concept Video
Every month, 1,600 field interviewers and supervisors working on a joint project between the Bureau of Labor Statistics (or BLS) and the Bureau of the Census survey 60,000 households and ask a series of questions about the age and labor market status of their members. This survey is called the Current Population Survey. Let’s look at the types of data collected by this survey.
Current Population Survey
Figure 22.1 shows the categories into which the BLS divides the population. It also shows the relationships among the categories. The first category divides the population into two groups: the working-age population and others. The working-age population is the total number of people aged ...
Get Foundations of Economics, 8th Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
