Education Education An approach to some basic Indicators for ...
Education Education An approach to some basic Indicators for ...
Education Education An approach to some basic Indicators for ...
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Catalog of Indica<strong>to</strong>rs Work/Labor 103 Name of indica<strong>to</strong>r: Labor <strong>for</strong>ce participation rateDefinition: Labor <strong>for</strong>ce is called active population. Labor Force refers <strong>to</strong> persons 15 -‐ 64 years who contribute or are available produce goods and services in the country, so it is the <strong>to</strong>tal active population employed and unemployed. This indica<strong>to</strong>r consists of everyone of working age, that is employed or seeking employment. It provides an indication of the relative size of the supply of labor that is available <strong>for</strong> the production of goods and services in the economy. Note: People in those age groups who are not counted as participating in the labor <strong>for</strong>ce are typically students, homemakers, and persons under the age of 64 who are retired. Description: The labor <strong>for</strong>ce participation rate is a key component in long-‐term economic growth, almost as important as productivity. It is not considered active population who per<strong>for</strong>ms work without remuneration, <strong>for</strong> example, home care or study, but not in the market looking <strong>for</strong> work in paid employment (ie, not incorporated in<strong>to</strong> the labor market). This indica<strong>to</strong>r helps when you know how much labor is available in a country. Compared with the unemployment rate, this indica<strong>to</strong>r shows a state's capacity <strong>to</strong> create jobs. Sec<strong>to</strong>r: Work/EmploymentSubsec<strong>to</strong>r: Employment Sources: [1] KEY INDICATORS FOR ASIA AND THE PACIFIC 2010. Asian Development Bank. 2010. [2] Development Indica<strong>to</strong>rs Reference Manual: CONCEPTS AND DEFINITIONS. Asian Development Bank. 2004. [3] Tools and indica<strong>to</strong>rs <strong>for</strong> gender impact analysis, moni<strong>to</strong>ring and evaluation. Economic Commission <strong>for</strong> Latin America and the Caribbean. 2002. [4] Female labor <strong>for</strong>ce participation. OECD 2004 [5] Labor <strong>for</strong>ce survey of Cambodia. 2001. NIS Unit of measuring: Percentage Formula: LFPR = WP 15−64P×100 ; For women: WLFPR = WW 15−64P×100 Formula explained: It is the working population with 15-‐64 ages and the population seeking <strong>for</strong> a job with the same ages divided by the <strong>to</strong>tal population (all ages) and all it multiplied by 100. In <strong>for</strong>mula: LFPR= Labor <strong>for</strong>ce participation rate; WP(15-‐64)= Working population and population seeking <strong>for</strong> a job with 15-‐64 ages; P= Total population (all ages). For women: WLFPR = Women Labor <strong>for</strong>ce participation rate; WW (15 -‐ 64)= working women and women seeking <strong>for</strong> a job with 15
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