This dimension measures how many people are involved in the labor market of each country and how many of them are actually employed
Labor force participation
This indicator* measures the extent to which a population is engaged in the labor market. Therefore, labor force participation is defined as the number of people in the working-age population (15-64 years old) who are actively engaged in the labor force (either currently employed or unemployed and looking for a job) divided by the total working- age population. Learn more in the methodological document.
This indicator* represents the extent to which a country's economy is generating successful employment. Thus, the employment rate is defined as the number of employed persons divided by the total number of people in the working-age population. Consult more details by downloading the methodological document.
Quality refers to the basic characteristics of the jobs people hold.
This indicator* measures an economy’s ability to provide formal jobs. Thus, the formality rate results from dividing the number of formal jobs by the working-age population. To learn more about formality, download the methodological document.
This indicator* measures the wages associated with jobs of each country. The rate of jobs with a living wage sufficient to overcome poverty is achieved by dividing the number of jobs with decent wages among the size of the working-age population. Download the methodological document to know what is considered a living wage.