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U.S. Department of Labor
Industrie: Government; Labor
Number of terms: 77176
Number of blossaries: 0
Company Profile:
Any injury such as a cut, fracture, sprain, amputation, etc. , which results from a work-related event or from a single instantaneous exposure in the work environment.
Industry:Labor
Any abnormal condition or disorder, other than one resulting from an occupational injury, caused by exposure to factors associated with employment. It includes acute and chronic illnesses or diseases which may be caused by inhalation, absorption, ingestion, or direct contact.
Industry:Labor
An employee must have had a verifiable work relationship with his or her employer to be included in the Census of Fatal Occupational Injuries. A work relationship exists if an event or exposure results in fatal injury or illness to a person under the following conditions: (1) ON the employer’s premises and the person was there to work; or (2) OFF the employer’s premises and the person was there to work, or the event or exposure was related to the person’s work status as an employee. The employer’s premises include buildings, grounds, parking lots, and other facilities and property used in the conduct of business. Work is defined as legal duties, activities, or tasks that produce a product as a result and that are done in exchange for money, goods, services, profit, or benefit.
Industry:Labor
An average wage; an occupational mean wage estimate is calculated by summing the wages of all the employees in a given occupation and then dividing the total wages by the number of employees.
Industry:Labor
Allocation of inputs into two or more economies that take advantage of differences in comparative advantages and, through specialization, improve the production of the economies. Note that a change in the terms of trade should cause all domestic production to change (that is, reallocates all inputs), rather than just imports.
Industry:Labor
A value that allows data to be measured over time in terms of some base period; or, in more obscure terms, an implicit or explicit price index used to distinguish between those changes in the money value of gross national product which result from a change in prices and those which result from a change in physical output. The import and export price indexes produced by the International Price Program are used as deflators in the U. S. National accounts. For example, the Gross Domestic Product (GDP) equals consumption expenditures plus net investment plus government expenditures plus exports minus imports. Various price indexes are used to "deflate" each component of the GDP in order to make the GDP figures comparable over time. Import price indexes are used to deflate the import component (i. E. , import volume is divided by the Import Price index) and the export price indexes are used to deflate the export component (i. E. , export volume is divided by the Export Price index).
Industry:Labor
A type of insurance coverage that provides for the payment of benefits as a result of sickness or injury. Medical care coverage can be provided in a hospital or a doctor's office. There are two main types of medical care plans. An indemnity plan—also called a fee-for-service plan—reimburses the patient or the provider as expenses are incurred. The most common type of indemnity plan is a preferred provider organization (PPO). A PPO provides coverage to the enrollee through a network of selected health care providers (such as hospitals and physicians). Enrollees may go outside the network, but would incur higher costs in the form of higher deductibles and higher coinsurance rates than if they stayed within the network. The second type of medical care plan is called a prepaid plan—also called a health maintenance organization. A prepaid plan assumes both the financial risks associated with providing comprehensive medical services and the responsibility for health care delivery in a particular geographic area, usually in return for a fixed prepaid fee from its members.
Industry:Labor
A temporary stoppage of work by a group of workers (not necessarily union members) to express a grievance or enforce a demand. A strike is initiated by the workers of an establishment.
Industry:Labor
A term used to encompass the entire range of wages and benefits, both current and deferred, that employees receive in return for their work. In the Employment Cost Index (ECI), compensation includes the employer's cost of wages and salaries, plus the employer's cost of providing employee benefits.
Industry:Labor
A subset of a universe; usually selected randomly and considered representative of the universe.
Industry:Labor
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