CPS OTC Prediction

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The BLS productivity office publishes measures of hours worked by major sector and industry. As part of the calculation for this measure, BLS uses Current Employment Statistics (CES) data on hours paid is used to estimate hours for payroll workers. Additional adjustments are made to this measure, such as removing paid time off (PTO), adding off-the-clock (OTC) hours, and adding in hours worked by self-employed and unpaid family workers. BLS uses the Current Population Survey (CPS) dataset to identify the amount of hours that are worked off-the-clock (...