Very often in the news, we hear about the employment rate, the unemployment rate, the activity rate, and so on.However, do you know what do these terms mean? Do you know how these rates are calculated? Have you an idea who is considered to be inside or outside the labour force?
Help is at hand to explain all of this. Eurostat has brought out a brand new animation on the labour force:
This animation is a part of a new chapter in our section called Statistics 4 Beginners. It includes easy explanations and illustrations about the labour market and how different rates are calculated. Hope you enjoy becoming more statistically savvy.
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