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Soundbite Statistics: the Unemployment Rate | 41 comments (41 topical, editorial, 0 hidden)
Re: NILF concept (none / 0)
Yes, Not In Labour Force is the interesting segment (= "inactive population" above).

I don't get his terminology, though. If you calculate the percentage he indicates (assuming "Labor Pool" = total working-age population), you get the employment rate (called by OECD employment/population ratio). If you subtract that from 100%, you don't get the unemployment rate, you get the percentage of (unemployed persons + NILF).

Either that or he's calling "Labor Pool" what he elsewhere calls "Labor Force".

Am I missing something, as they say?

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jun 2nd, 2007 at 11:28:14 AM EST
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Soundbite Statistics: the Unemployment Rate | 41 comments (41 topical, 0 editorial, 0 hidden)
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