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 Labor Market Information
            Colorado Labor & Industry Focus


GLOSSARY

BENCHMARK - estimates are normally based on a sample or less than complete information. Revision of initial data based upon reasonably complete information is called a benchmark.

CIVILIAN LABOR FORCE - is the total of employed and unemployed persons.

COLORADO EMPLOYMENT AND WAGES (ES202) - is a report of covered employment and wages by county and Standard Industrial Code compiled from data on quarterly Unemployment Insurance tax returns.

CONSUMER PRICE INDEX (CPI) - is an index measuring changes over time in the price of a market basket of goods and services.

CONTINUED CLAIMS - the total number of weeks that Unemployment Insurance benefits were claimed by unemployed workers.

CURRENT POPULATION SURVEY (CPS) - is the official survey instrument for measuring the labor force in the United States. A survey of about 71,000 households is conducted throughout the nation each month by trained interviewers. Employment and unemployment data for Colorado reflect responses of approximately 1,450 households within the State which are represented in the CPS sample.

EMPLOYED PERSONS - are individuals 16 or older who worked at least one hour for pay or profit or worked at least 15 unpaid hours in a family business during the survey week. Individuals are also counted as employed if they had a job but did not work because they are ill, on vacation, in a labor dispute or prevented from working because of bad weather or personal reasons. Each person is counted only once by their place of residence. Persons in the Armed Forces are excluded. Differs from nonag wage and salary employment in that it is an estimate of employed persons by place of residence rather than jobs by place of work.

INITIAL CLAIM - is the first claim filed to request a determination of entitlement to and eligibility for unemployment compensation.

LABOR FORCE PARTICIPATION RATE - is the number of persons in the labor force as a percent of the total population 16 years of age or older.

NEW APPLICATIONS FOR WORK - are the number of applications for employment received at Job Service Centers throughout the State.

NONAG WAGE AND SALARY EMPLOYMENT - is a report of jobs by industry based on a sample survey of businesses (jobs by place of work). This survey refers to the number of payroll jobs during the period which includes the 12th of the month. Because this is an estimate of jobs rather than persons a person holding more than one job is counted more than once. Excluded are sole proprietors, self-employed persons, unpaid family workers, domestic workers and members of the Armed Forces. Also omitted are employees on leave without pay or on strike. Civilian military jobs are counted.

PLACEMENTS - a count of the number of times all individuals have been placed in all jobs by the Employment Service (ES).

SEASONAL ADJUSTMENT - the procedure of applying smoothing factors to an economic data series to remove the effects of routine fluctuations associated with weather and institutional schedules such as the school year.

UNEMPLOYED PERSONS - are those individuals 16 or older who did no work during the survey week, were available to work and had taken specific actions to find a job during the last four weeks. Persons who have been laid off subject to call-back or are waiting to begin a job within 30 days are also classified as unemployed.

UNEMPLOYMENT RATE - is the total number of unemployed persons expressed as a percentage of the civilian labor force.

WEEKS COMPENSATED - the number of weeks for which compensation was actually paid.


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Last Updated 09/12/2007