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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (87944)9/3/2007 9:02:55 AM
From: Giordano BrunoRead Replies (1) of 306849
 
How are the self-employed measured in the CPS?

Since January 1994, employed respondents in the monthly CPS have been asked the following question: "Last month, were you employed by government, by a private company, a nonprofit organization, or were you self-employed?"

Individuals in the CPS who respond that they were employed by government, a private company, or a nonprofit organization are classified as wage and salary workers. Individuals who respond that they are self-employed are asked: "Is this business incorporated?" Individuals who respond "yes" are classified as wage and salary workers and are treated as employees of their own businesses. The "no" responses are classified as unincorporated self-employed—the measure that typically appears in Bureau of Labor Statistics publications.

bls.gov
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