Current Population Survey

DEFINITION of 'Current Population Survey'

A statistical survey that is performed by the U.S. Census Bureau of Labor Statistics on a monthly basis. The survey includes a representative sample of about 60,000 homes and focuses on those individuals who are 15 years and older to make an inferential assumption about the U.S. population as a whole.

BREAKING DOWN 'Current Population Survey'

The survey seeks to determine the unemployment rate of certain regions, the earnings of person's surveyed, hours the respondent worked and other demographic factors as well. These demographic factors, such as age, sex and industry of work, determines the unemployment rate for the country.

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RELATED FAQS
  1. How does the Bureau of Labor Statistics determine the unemployment rate?

    Learn how estimates of the unemployment rate are made based on monthly surveys of American households that are conducted ... Read Answer >>
  2. How does the U.S. Bureau of Labor Statistics calculate the unemployment rate published ...

    Understand the process used by the U.S. Bureau of Labor Statistics to determine the official unemployment rate for the United ... Read Answer >>
  3. Is the Bureau of Labor Statistics accurate?

    Read this brief analysis of the accuracy of Bureau of Labor Statistics, including a summary of the types of reports issued ... Read Answer >>
  4. What data does the Bureau of Labor Statistics collect?

    Collected data includes unemployment numbers, inflation, prices, pay and benefits, time use of Americans, import/export numbers ... Read Answer >>
  5. What does the Bureau of Labor Statistics do?

    By collecting, analyzing and reporting on important economic data, the Bureau of Labor Statistics has become a critical information ... Read Answer >>
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    Changes in the average price level of more than 200 goods and services across the U.S. economy are used to determine the ... Read Answer >>
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