Hours Measures For Productivity Measurement And National Accounting

Topics:
Organization
Tags:
Accounting,
Bureau Of Labor Statistics,
Finance,
Financial Accounting,
Financial Services,
Hour,
Operational Accounting
Source:
U.S. Bureau of Labor Statistics

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Overview: The Bureau of Labor Statistics (BLS) collects data on labor hours in both household and establishment (business) surveys. These data are of interest for a variety of reasons, including comparing the situation of workers over time or in different countries. In addition, hours data are used together with measures of earnings in constructing average hourly earnings or other types of hourly compensation and unit labor costs measures. This paper discusses the hours concepts that are desired for productivity measurement and national accounting, and presents the impact of using alternative source data for measuring hours of work. In addition, the paper discusses the current International Conference of labor Statisticians (ICLS) resolution concerning statistics of hours of work and its consistency with the needs of measuring productivity.

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Format: PDF | Size: 154KB | Date: Sep 2004 | Pages: 11

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