Employed

Employed refers to the state of having a paid job or occupation. It is a term used in Economics and Labor Statistics to describe individuals who are currently working for pay or profit. This includes those who are working part-time or full-time, as well as those who are self-employed.

Definition

The term "employed" is defined by the Bureau of Labor Statistics as individuals who did any work at all for pay or profit during the survey reference week. This includes all part-time and temporary work, as well as regular full-time, year-round employment.

Types of Employment

There are several types of employment, including:

• Full-time employment: This refers to individuals who typically work 35 hours or more per week in their main job.
• Part-time employment: This refers to individuals who typically work less than 35 hours per week in their main job.
• Self-employment: This refers to individuals who work for themselves instead of an employer. They may own a business or work as a freelancer or contractor.
• Temporary employment: This refers to individuals who have a job with a predetermined end date.

Employment and the Economy

Employment is a key indicator of economic health. High levels of employment typically indicate a strong economy, while high levels of unemployment can signal an economic downturn. Employment rates can also impact other economic factors, such as consumer spending and housing markets.

See Also

• Unemployment
• Labor Force
• Economic Indicators
• Self-Employment
• Part-Time Employment
• Full-Time Employment

References

Employed Resources
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