Quantity

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.

Employment

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.

*The indicators of the Better Jobs Index are calculated using the population aged 15 to 64 years, excluding those who are studying and, therefore, are not working or seeking employment. If you want to know more, consult the methodology document.

Quality

Quality refers to the basic characteristics of the jobs people hold.

Formality

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.

Living wage

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.

*The indicators of the Better Jobs Index are calculated using the population aged 15 to 64 years, excluding those who are studying and, therefore, are not working or seeking employment. If you want to know more, consult the methodology document.

¿Do you want to know more about our methodology?

The Better Jobs Index is based on the data published periodically by Latin American countries, which the IDB harmonizes and collects in the Labor Markets and Social Security Information System (SIMS). To know all the details, we invite you to download the methodology document

Download:

Methodology