1. Working-age Population: Population between 15-59 years of age
2. Labour Force: Those working-age population which are either engaged in work or are willing to work but are not employed.
3. Work Force: Those proportion of Labour Force which is employed (excludes those which are unemployed)
4. Unemployed People: Difference between Labour Force and Work Force (Labour Force – Work Force).
5. Not part of Labour Force: Those part of working-age population which have moved out of labour force in the sense that they are unemployed as well as are not interested in looking for work (Working-age Population – Labour Force)
Measurement of Unemployment Levels (Metrics)
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- Labour Force Participation Rate (LFPR): Labour Force/ Working-age population
- Workforce Participation Rate (WFPR): Workforce/ Working-age Population
- Worker Population Ratio (WPR): Workforce/ Total Population
- Unemployment Rate (UR): Unemployed People/ Labour Force
