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Federated States of Micronesia

Federated States of Micronesia Labor Stats

Definitions

  • GNI > Current US$: GNI (current US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.
  • GNI > Current US$ per capita: GNI (current US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. Figures expressed per capita for the same year.
  • Hours worked > Standard workweek: Standard workweek (hours).
  • Labor force: The total labor force figure
  • Labor force > By occupation: Component parts of the labor force by occupation.
  • Labor force > By occupation > Agriculture: This entry lists the percentage distribution of the labor force by occupation. The distribution will total less than 100 percent if the data are incomplete.
  • Labor force > By occupation > Industry: This entry lists the percentage distribution of the labor force by occupation. The distribution will total less than 100 percent if the data are incomplete.
  • Labor force > By occupation > Services: This entry lists the percentage distribution of the labor force by occupation. The distribution will total less than 100 percent if the data are incomplete.
  • Labor force > Per capita: The total labor force figure Per capita figures expressed per 1,000 population.
  • Labor force per 1000: The total labor force figure. Figures expressed per thousand population for the same year.
  • Net income from abroad > Current LCU per million: Net income from abroad (current LCU). Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current local currency. Figures expressed per million population for the same year.
  • Net income from abroad > Current US$ per million: Net income from abroad (current US$). Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current U.S. dollars. Figures expressed per million population for the same year.
  • Rigidity of employment index: The rigidity of employment index measures the regulation of employment, specifically the hiring and firing of workers and the rigidity of working hours. This index is the average of three subindexes: a difficulty of hiring index, a rigidity of hours index, and a difficulty of firing index. The index ranges from 0 to 100, with higher values indicating more rigid regulations.
  • Salaries and benefits > Minimum wage: Minimum wage.

    No date was available from the Wikipedia article, so we used the date of retrieval.

  • Unemployment rate: The percent of the labor force that is without jobs. Substantial underemployment might be noted.
STAT AMOUNT DATE RANK HISTORY
GNI > Current US$ $343.34 million 2012 171st out of 176
GNI > Current US$ per capita $3,320.66 2012 110th out of 176
Hours worked > Standard workweek 40 hours 2014 115th out of 183
Labor force 16,360 2008 8th out of 8
Labor force > By occupation two-thirds are government employees 2006
Labor force > By occupation > Agriculture 0.9% 2000 24th out of 24
Labor force > By occupation > Industry 34.4% 2000 3rd out of 20
Labor force > By occupation > Services 64.7% 2000 6th out of 21
Labor force > Per capita 151.95 per 1,000 people 2008 8th out of 8
Labor force per 1000 156.56 2008 7th out of 7
Net income from abroad > Current LCU per million 166.15 million 2012 29th out of 164
Net income from abroad > Current US$ per million $166.15 million 2012 17th out of 163
Rigidity of employment index 11 2006 150th out of 165
Salaries and benefits > Minimum wage None; US$ 2.65 per hour for employment with the national government; all states have a minimum hourly wage for government workers: $2.00 in Pohnpei , $1.25 in Chuuk , $1.42 in Kosrae , and $1.60 in Yap ; $1.75 for private sector workers in Pohnpei. | 2014
Unemployment rate 22% 2000 7th out of 20

SOURCES: World Bank national accounts data; World Bank national accounts data. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; Wikipedia: List of minimum wages by country (Countries) ("Country Reports on Human Rights Practices for 2013" . State.gov . Retrieved 2014-03-04 .); CIA World Factbooks 18 December 2003 to 28 March 2011; All CIA World Factbooks 18 December 2003 to 18 December 2008; CIA World Factbooks 18 December 2003 to 28 March 2011. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Development Indicators database; Wikipedia: List of minimum wages by country (Countries)

Citation

"Federated States of Micronesia Labor Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Federated-States-of-Micronesia/Labor

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Federated States of Micronesia Labor Profiles (Subcategories)

GNI 3 Net income from abroad 4
Labor force 5