EMPLOYMENT

Introduction

Governments have a common objective, that is to reduce unemployment.

As a result, they are keeping a close eyes on the employment trends.

What are employment trends?

Labor force

Labor force participation rate

Employment by industrial sector

Employment status

Unemployment.

Labour force

Total number of people of working age in work or actively seeking work.

Labour force participation rate

The ratio of the labour force over the total population

It represents the total supply of the labour

People who are not part of labour force include:

Students

Retired people

Stay-at-home parents

Employment by Industrial Sector

Amount of people employed by the industrial sector

Different in different countries

A little bit of example…

In the US, agriculture empolyed just 3.7% of the empolyees in 2005

While in South Asia or sub-Saharan Africa, agriculture employs up to 60% of the employees.

However…

All of the countries are now experiencing the same trends

Employment Status

Most workers work full time (7-8 hrs), but this varies in different countries

In many countries, average hours per week have decreased due to

- part time working

- better working conditions

- female participation

Thank You!