Category Uncategorized

Two Main Labour Market Indicators

• The unemployment rate • The labour force participation rate Unemployment rate is the percentage of people in the labour force who are unemployed. Number of people unemployed x 100 Labour force In January 2015, the unemployment rate was 6.4…

Labour Force Survey

Every month, a team of field interviewers employed by the Australian Bureau of Statistics (the ABS) contact 27,000 households and ask a series of questions about the age and labour market activities of their member. Working-age population is the total…