Economic statistics terminology · MLC-0116
Economic statistics terms: L (85)
- L (liter)See Conversion Tables and Units of Quantity.
- Labor compensationCompensation to or on behalf of individuals for the labor services they use to produce output.
- Labor compositionAge, education, and sex distribution of the workforce as a proxy for the skill of the workforce.
- Labor forcePeople ages 16 years and older and classified as employed or unemployed.
- Labor force participation rateProportion of the age-eligible population that is in the labor force.
- Labor inputWage-weighted aggregate of hours worked that differentiates hours by the characteristics of age, education...
- Labor productivityEfficiency with which goods and services are produced measured in labor hours.
- Labor unionAn organized association of workers, often in a trade or profession, formed to protect and further their...
- Labor-management disputeConflict between employees (typically represented by a union) and management or the employer.
- Labor's share in costsProportion of current-dollar output attributable to the use of labor.
- Land and existing structures, capital outlay expendituresPurchase of these assets as such, purchase of rights-of-way, payments on capital leases, and title search and...
- Land areaAn area measurement providing the size, in square miles, square kilometers, or square meters, of the land...
- Land rentIn the American Housing Survey, this item refers to land that is rented or leased from the land owner, and...
- Language MapperThe U.S. Census Bureau released an interactive online map pinpointing the wide array of languages spoken in...
- Language spoken at homeThe language currently used by respondents at home, either "English only" or a non-English language which is...
- Laspeyres indexIndex that measures the change in some aspect of a group of items over time, using weights based on values in...
- Last-in, first-out (LIFO) inventory valuation, beginning of year ($1,000)Total value of merchandise inventories using the last-in, first-out valuation method before reserve...
- Last-in, first-out (LIFO) inventory valuation, end of year ($1,000)Total value of merchandise inventories using the last-in, first-out valuation method before reserve...
- Latin AmericaThe Census Bureau has many programs and surveys that provide data according to geographical regions...
- Latin America and CaribbeanThe Census Bureau has many programs and surveys that provide data according to geographical regions...
- Latin American Free Trade MarketThe Census Bureau has many programs and surveys that provide data according to geographical regions...
- Layoffs and dischargesNumber of employees who were laid off or fired from a job during the month.
- Layoffs and discharges rateLayoffs and discharges during the month, divided by the number of employees who worked during or received pay...
- LDCs without Least Developed CountriesThe Census Bureau has many programs and surveys that provide data according to geographical regions...
- Lease and Rental PaymentsIncludes lease and rental payments for the use of all items for which depreciation reserves would be...
- Leased DepartmentLeased departments are broadly defined as operations of one company conducted within the establishment of...
- Least Developed CountriesThe Census Bureau has many programs and surveys that provide data according to geographical regions...
- Legal EntityA geographic entity whose origin, boundary, name, and description result from charters, laws, treaties, or...
- Legal Form of OrganizationLegal Form of Organization is based on information from administrative records of other federal agencies.
- Legal/Statistical Area Description CodeA two-character code that describes the legal or statistical type of a geographic entity and indicates what...
- LegendThe part of a map that lists and explains the colors, symbols, line patterns, shadings, and annotations used...
- Leisure leavePaid vacation, paid holidays, and paid personal leave.
- Less developed countriesThe Census Bureau has many programs and surveys that provide data according to geographical regions...
- LibrariesProvision and support of public library facilities and services.
- License applicantThe person who applies for an export or reexport license. (For example, obtaining a license for commodities...
- License exceptionAn authorization that allows a U.S. Principal Party in Interest (USPPI) or other appropriate party to export...
- License taxesTaxes collected (either for revenue raising or for regulation) as a condition to the exercise of a business...
- License taxes - alcoholic beveragesLicenses for manufacturing, importing, wholesaling, and retailing alcoholic beverages other than those based...
- License taxes - amusementsLicense taxes imposed on amusement businesses generally or on specific amusement enterprises (race tracks...
- License taxes - corporation in generalFranchise license taxes, organization, filing, and entrance fees, and other license taxes which are...
- License taxes - hunting and fishingRevenue from commercial and noncommercial hunting and fishing licenses and shipping permits.
- License taxes - motor vehicle operatorsRevenue from licenses to drive motor vehicles, including both private and commercial licenses.
- License taxes - motor vehiclesLicense taxes imposed on owners or operators of motor vehicle, commercial and noncommercial, for the right to...
- License taxes - occupations and businesses, not elsewhere classified (n.e.c.)License taxes (including examination and inspection frees) required of persons engaging in particular...
- License taxes - public utilitiesLicense taxes distinctively imposed on public passenger and freight transportation companies, telephone...
- Life expectancy at birthThe average number of years a group of people born in the same year can be expected to live if mortality at...
- Life insurance benefitLump-sum payment to a designated beneficiary or beneficiaries of a deceased employee.
- Life tableA statistical table that follows a hypothetical cohort of 100,000 people born at the same time as they...
- Life-cycle fundSelf-balancing plan that shifts investments on the basis of risk over time.
- LIFO reserve, beginning of year ($1,000)LIFO reserve is the difference between the first-in, first-out (FIFO) cost of inventories (gross value) and...
- LIFO reserve, end of year ($1,000)LIFO reserve is the difference between the first-in, first-out (FIFO) cost of inventories (gross value) and...
- Limitations on coverageLimitations specifying the maximum amount payable by the insurer for covered expenses incurred by the insured...
- Linear interpolationMethod of imputation executed by drawing a linear connection from the closest data point before a missing...
- Linguistic isolationTerm used in Census 2000 data products to identify a household in which all members 14 years old and over...
- Liquefied petroleum gas storage capacity, December 31 (1,000 gallons)Total shell stationary storage capacity for liquefied petroleum, natural gas liquids, and compressed or...
- Liquor store revenueAmounts received from sale of liquor by state and/or local liquor store operations. Excludes any state taxes...
- Liquor storesAlcoholic beverage distribution facilities operated by state and local governments maintaining alcoholic...
- Liquor stores expenditureExpenditure for purchase of liquor for resale and provision and operation of government-maintained alcoholic...
- List price(1) manufacturer's suggested retail price of a good or service or (2) initial asking price of a good or...
- List/EnumerateA method of decennial census data collection in some of the more remote, sparsely populated areas of the...
- Living quartersAny site where people live, stay, or could live. Living quarters are classified as housing units or group...
- Loading documentA document that establishes the terms of a contract between a shipper and a transportation company under...
- Loans (defined contribution plans)Funds borrowed with interest from a defined contribution plan.
- Local Employment DynamicsRefers to a partnership begun in 1999 between the Census Bureau and state governments to produce enhanced...
- LockoutTemporary withholding or denial of employment by management.
- LodgersAs used in the American Housing Survey, refers to members of a household who pay rent to another household...
- Long formThe decennial census questionnaire, sent to approximately one in six households for the 1980, 1990, and 2000...
- Longevity bonusLump-sum payment paid to employees on the basis of their length of service.
- Longitudinal Employer-Household DynamicsA program within the Census Bureau's Center for Economic Studies, which processes data from the Local...
- Long-tenured displaced workersThe long-tenured displaced are wage and salary workers age 20 and older who had 3 or more years of tenure on...
- Long-term care insurance planHealth plan that provides long-term (more than 1 year) custodial care, home care, and nursing home care.
- Long-term debtDebt payable more than 1 year after date of issue.
- Long-term debt issuedThe par value of long-term debt obligations incurred during the fiscal period concerned, including funding...
- Long-term debt offsetsCash and investment assets of sinking funds and other reserve funds, however designated, which are...
- Long-term debt retiredThe par value of long-term debt obligations liquidated by repayment or exchange, including debt retired by...
- Long-term disability planPlan that provides a monthly benefit to eligible employees who, because of a non-work-related illness or...
- Long-term unemployedIndividuals who, at the time of the Current Population Survey (CPS) interview, had been jobless for 27 weeks...
- Losses incurred ($1,000)Losses incurred. Data are reported in thousands of dollars ($1,000).
- Lost workdaysNumber of days (Monday through Friday, excluding federal holidays) that workers involved in a strike or...
- Lost-worktime rateHours absent as a percentage of hours usually worked.
- Lot SizeThe square footage of the lot sold with a single-family housing unit. Data on lot size exclude condominium...
- Lot ValueThe lot value includes the value of the undeveloped land as well as grading, drainage, installation of gas...
- Lower bound (American Community Survey)Represents the low end of the 90 percent confidence interval of an estimate from a sample survey...
- Low-value shipmentsShipments whose value is so low that trade is estimated instead of being based on trade filings. For exports...
- Lump-sum paymentAmount of benefits paid in one installment.
85 of 2,177 terms in Economic statistics terminology (MLC-0116). Request the full dataset.