Labour Market Information
Labour Market Information
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Labour Market Information Glossary
 
     
 
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.
Labour Force

Labour Force Participation Rate

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

 
Working Age Population

All persons of age 10 years and over.

Alternatively, all persons of age 15 years and over.

Employment to Population Ratio

The proportion of a country’s working age population that is employed.
Employment to Population Ratio

Youth Employment to Population Ratio

The proportion of the youth working age population – persons aged 15 – 24 years that is employed

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.

Employment Cost Index

Measures that change over time in the cost of labour, including the cost of wages, salaries and employee benefits.

Labour Demand

An estimate of the number of job opportunities which exist and will occur over a given period of time.

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.

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.

Supply of Labour

The number of persons employed and unemployed or total available labour force.

Minimum Wage

Refers to the lowest to be paid employees covered under the wages board ordinance of No. 27, 1941 and its subsequent amendments.

Labour Productivity

The value of goods and services in constant prices produced per hour of labour input or per person employed.

Real Wage

The purchasing power of nominal wage.
Real wage

 

     
 
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