PAY & BENEFITS • Mar 2014 • Volume 3 / Number 6
The BLS National Compensation Survey (NCS) publishes data annually on the availability of employee benefits, such as health care and retirement plans, and has expanded the scope of the survey to capture data on the availability of health care benefits and defined-benefit pension survivor benefits for unmarried opposite-sex and same-sex partners. This issue of Beyond the Numbers looks at the frequency with which health and defined-benefit plans are extended to unmarried domestic partners.Read full article » | Download PDF
This Beyond the Numbers article briefly looks at the history and evolution of the CPI, explains the reasoning behind the creation of two main indexes, and describes the debate surrounding this development.
The release of January 2014 Producer Price Index (PPI) data marks the transition from the Stage of Processing (SOP) aggregation system to the Final Demand–Intermediate Demand (FD–ID) aggregation system. The transition to the FD–ID system is the culmination of a longstanding PPI objective to improve upon the SOP aggregation system by incorporating price data for services, construction, government purchases, and exports. In comparison to the SOP system, the FD-ID system more than doubles PPI coverage of the U.S. economy to over 75 percent of in-scope domestic production.
Although some occupations are found in nearly every industry in the United States, others are specific to one or only a few industries. For example, several of the most concentrated occupations in the coal mining industry are found primarily in that industry, and are uncommon outside of the mining and extraction sector. As a result, job mobility for these workers might be extremely limited in the face of an industry downturn, particularly one affecting the extraction industries in general. On the other hand, although over a quarter of computer systems analysts are found in the computer systems design and related services industry, this occupation was distributed relatively evenly across sectors, potentially allowing displaced workers to move more easily into other industries. Understanding the relationship between industry and occupation may provide important insights into workers’ ability to cope with job loss by moving across industries.