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Employment rate : The proportion of working age adults employed. For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ...
OECD prefers the use of this economic indicator than the use of the unemployment rate. The Organization for Economic Co-operation and Development (OECD) is an international organization of those developed countries that accept the principles of representative democracy and a free market economy. ...
Working age definition varies accross countries. But a standard often used, e.g. by OECD, is population aged between 15 and 64.
The trend in the employmentrate is falling while the trend in the unemployment rate is flat.
The trend in the inactivity rate is increasing.
The employmentrate for people of working age was 74.3 per cent for the three months ending in March 2007, down 0.2 from the previous quarter and down 0.3 on the year.
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