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What are the basic concepts of CPS (household) employment and unemployment?

April 26, 2017BASIC concepts CPS employment household unemployment

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What are the basic concepts of CPS (household) employment and unemployment?

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The basic concepts involved in identifying the employed and unemployed are quite simple: • People with jobs are employed. • People who are jobless, looking for jobs, and available for work are unemployed. • People who are neither employed nor unemployed are not in the labor force.