Employment-to-population ratio

The Organisation for Economic Co-operation and Development defines the employment rate as the employment-to-population ratio.This is a statistical ratio that measures the proportion of the country's working age population (statistics are often given for ages 15 to 64) that is employed. This includes people that have stopped looking for work. The International Labour Organization states that a person is considered employed if they have worked at least 1 hour in 'gainful' employment in the most recent week. The Organisation for Economic Co-operation and Development defines the employment rate as the employment-to-population ratio.This is a statistical ratio that measures the proportion of the country's working age population (statistics are often given for ages 15 to 64) that is employed. This includes people that have stopped looking for work. The International Labour Organization states that a person is considered employed if they have worked at least 1 hour in 'gainful' employment in the most recent week. The employment-population ratio has not always been looked at for labor statistics and where specific areas are economically, but after the recent recession it has been given more attention worldwide, especially by economists. The National Bureau Of Economic Research (NBER) states that the Great Recession ended in June 2009. During 2009 and 2010, however, many areas were still struggling economically, which is the reason the employment-population ratio is still used by both Americans and people around the world.