Topics
Employment Rate
The employment rate is also known as the employment-to-population ratio – it measures the number of people of working age in the population who are employed. For the UK, the employment rate is the proportion of people aged between 16 and 64 years who are in paid work.
According to the OECD, employment rates are sensitive to the economic cycle, but in the longer term they are affected by governments' higher education and income support policies and by policies that facilitate employment of women and disadvantaged groups.
The percentage of the working-age population that is employed. The UK government aims to raise the employment rate to 80%, surpassing pre-pandemic levels and aiming for the highest in the G7.
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2.1.3 Employment and Unemployment (Edexcel)
Study Notes
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Update on the UK Economy - October 2022
24th October 2022
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Coronavirus update: Businesses Cut Jobs as Demand Falls Away
30th July 2020
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Factors that can cause an economic recession
Topic Videos