Employment Rate
The employment rate is a measure of the number of people who are employed in a given population. It is usually expressed as a percentage of the total population. The employment rate is an important indicator of economic health, as it reflects the number of people who are actively participating in the labor force. It is also used to measure the level of unemployment in a country or region.
History of the Term
The concept of the employment rate has been around since the early 20th century. It was first used by the United States Bureau of Labor Statistics in the 1920s to measure the number of people employed in the United States. Since then, the employment rate has been used by governments and organizations around the world to measure the level of employment in their respective countries.
Comparison Table
| Country | Employment Rate (%) |
|---|---|
| United States | 60.7 |
| Canada | 61.3 |
| United Kingdom | 75.7 |
| Japan | 53.7 |
| Germany | 76.1 |
Summary
The employment rate is an important indicator of economic health, as it reflects the number of people who are actively participating in the labor force. It is used to measure the level of unemployment in a country or region. The employment rate has been used by governments and organizations around the world to measure the level of employment in their respective countries. For more information about the employment rate, visit the websites of the Bureau of Labor Statistics, the International Labor Organization, and the World Bank.
See Also
- Unemployment Rate
- Labor Force Participation Rate
- Labor Productivity
- Gross Domestic Product
- Gross National Product
- Labor Force
- Employment-to-Population Ratio
- Underemployment Rate
- Labor Market
- Job Creation
