2. Introduction
Governments have a common objective,
that is to reduce unemployment.
As a result, they are keeping a close
eyes on the employment trends.
3. What are employment trends?
Labor force
Labor force participation rate
Employment by industrial sector
Employment status
Unemployment.
4. Labour force
Total number of people of working age in
work or actively seeking work.
5. Labour force participation rate
The ratio of the labour force over the
total population
It represents the total supply of the
labour
6. People who are not part of labour
force include:
Students
Retired people
Stay-at-home parents
8. 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.
10. 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