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Glossary of Terms

Illustrative Employment Rate Calculation

Total Population 15 years and over 
= 24,284,900

Eligible working age population that is employed 
= 14,909,700

Employment Rate 
= 14,909,700/24,284,900 
= 61.4%

It should be noted that the Employment Rate differs considerably from the Unemployment Rate in that the Employment Rate is measuring employed as a per cent of the population 15 years of age and over while the Unemployment Rate measures the unemployed as a per cent of the labour force.


 
Economic Research & Analysis Division, Department of Finance - (709) 729-3255 - infoera@gov.nl.ca

 
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