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Labour Market Information Glossary |
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| Labour Force |
Country’s working age population that engages actively in the labour market, either by working or looking for work. Alternatively, the total number of people who are working and seeking jobs.

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| Labour Force Participation Rate: |
The ratio of the labour force (active population) to the working age population, expressed as a percentage.

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| Working Age Population |
All persons of age 10 years and over.
Alternatively, all persons of age 15 years and over.
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| Employment to Population Ratio |
The proportion of a country’s working age population that is employed.
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| Youth Employment to Population Ratio |
| The proportion of the youth working age population – persons aged 15 – 24 years that is employed
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| Consumer Price Index |
Consumer price index is a statistical measure of change over time, in the price of goods and services in major expenditure groups such as food, clothing, fuel & light, rent etc. typically purchased by consumers.
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| Employment Cost Index |
: Measures that change over time in the cost of labour, including the cost of wages, salaries and employee benefits.
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| Labour Demand |
: An estimate of the number of job opportunities which exist and will occur over a given period of time.
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| Labour Market Analysis |
The measurement and evaluation of economic forces as they relate to the employment process. There are many variable affecting labour and demand and supply relationship, including such factors as population growth and characteristics, industrial structure and employment, technological developments, volume and extent of unionization and industrial disputes, wage levels and conditions of employment and training opportunities.
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| Labour Market Information |
: The delivery and analysis of labour force, employment, unemployment, wage supply and demand, occupational, industrial, economic and demographic data for the analysis of manpower problems.
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| Supply of Labour |
The number of persons employed and unemployed or total available labour force.
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| Minimum Wage |
:Refers to the lowest to be paid employees covered under the wages board ordinance of No. 27, 1941 and its subsequent amendments.
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| Labour Productivity |
: The value of goods and services in constant prices produced per hour of labour input or per person employed.
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| Real Wage: |
The purchasing power of nominal wage.
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