working age population-over 15, not in the armed forces, and not living on aboriginal reserve. Labour force- the sum of all the people employed and all unemployed who are wiling and able to work. Below is who is included in the labour force.
Gainfully employed
Not on the job due to illness, vacation or strike
Laid off withing the last 26 weeks but expected to be recalled
Not employed but staring a job in the next 30 days
Not employed buy starting a job after graduation (US ONLY)
Not employed but seeking employment (in US actively seeking)
Labour force participation rate- the labour force expressed as a percentage of the working age population=# inlabour force/working age population*100
Dr. Stephanie Powers, "Unemployment", Intro to Macroeconomics.(Lecture, Donald School of Business, Red Deer Alberta, Winter 2012)
working age population-over 15, not in the armed forces, and not living on aboriginal reserve.
Labour force- the sum of all the people employed and all unemployed who are wiling and able to work. Below is who is included in the labour force.
Labour force participation rate- the labour force expressed as a percentage of the working age population=# inlabour force/working age population*100
Dr. Stephanie Powers, "Unemployment", Intro to Macroeconomics.(Lecture, Donald School of Business, Red Deer Alberta, Winter 2012)