Labor Market Basic Concepts & Definitions
1. economically active population: comprises all persons who furnish the supply of LABOR for the production of goods and services. There are two measures of economically active population: the ‘usually active population’, measured in relation to a long reference period, such as a year; and the ‘currently active population’ measured in relation to a short reference period such as one week.
2. LABOR force: comprises the ‘currently active population’. The LABOR force is the sum of the Employed and Unemployed within the reference week.
3. employed: all persons aged 15 and over who during the reference week proceeding the survey were either in paid-employment or self-employment, for at least one hour, or who were temporarily absent from their work but had a formal attachment to it. Read more
