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Unformatted text preview: particular year are revised based on the Quarterly Census of Employment and Wages (QCEW) that all firms are required to submit. The LAUS labor series provides an estimate of the size of the total labor force and is used to calculate the unemployment rate. The LAUS data consider the labor force as everyone of working age who is actively employed or looking for a job. Students, retirees, stay-at home parents, institutionalized individuals, and discouraged workers are not included in the workforce. This data series, which is more inclusive than the CES data set, is compiled from a survey of households. It includes farm workers, self-employed individuals, and full-time or part-time employees. Labor Force Between 2004 and 2007, household employment grew faster than the labor force. As a result, the unemployment rate declined from 5.6% to 3.7%. Colorado’s unemployment rate increased steadily in 2008, reflecting the impact of the recession and the considerably slowing of wage and salary COLORADO NONAGRICULTURAL WAGE AND SALARY EMPLOYMENT COLORADO nOnAGRICULTURAL WAGE AnD SALARy EMPLOyMEnT 2003-2012 2003–2012 (In Thousands) (In Thousands) Sector Mining and Logging Construction Manufacturing Trade, Transportation, and Utilities Information Financial Activities Professional and Business Services Educational and Health Services Leisure and Hospitality Other Services Government Totalc,d 2003 13.2 149.9 153.9 404.5 84.6 154.1 292.0 213.0 245.6 85.9 3...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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