Description: Employment Rate
Sub descriptionPeriod2019
Employment RatesApril92.3
Employment RatesSeptember89.6
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DATA IDENTIFICATION


Name
Employment rate
Indicator purpose

This labour market indicator measures the proportion of the labour force that is employed at a given point in time.

Abstract

This indicator gives the percent of the labour force that have jobs. It reflects individuals who are eligible and available to work. 

Data source

Statistical Institute of Belize (SIB)

Organisation for Economic Co-operation and Development (OECD)

DATA CHARACTERISTICS



Contact organization person

SIB-Wendy Benavides

Date last updated
11-MAY-2020
Periodicity

April and September of each year.

Unit of measure

Percentage (%)

Other characteristics

Employed persons: All persons of working age who, during a short reference period such as a day or a week, performed work for others in exchange for pay or profit.

The categories of employment are:

  • Paid Employment: Persons who, during the reference period, had a formal attachment to a job and performed some economic activity for a wage or salary, or payment in kind, as well as persons with a formal attachment to a job but who are temporarily absent from the job.
  •  Self-employment: Persons, who, during the reference period, performed some economic activity for profit or family gain, in cash or in kind, and persons with an enterprise, but who might temporarily not be at work.
  • Unpaid Family Worker: Persons who work in their family business (e.g. store or farm), who do not receive payment of any kind.
DATA CONCEPTS and CLASSIFICATIONS



Classification used

Employment rates are defined as a measure of the extent to which available labour resources (people available to work) are being used (OECD). 

The labour force includes those eligible for employment and currently employed. Discouraged individuals who are no longer seeking work are excluded from the labour force.

Disaggregation

14 years and older

Key statistical concepts

Census and Survey: Labour Force Survey; A direct method which randomly selects 2,800 households across the country to participate. The survey captures demographic information of each household member with most questions asking about the employment status of persons 14 years and older.

The employment rate is then derived as follows: (Number_Of_Employed/Total_Labour_Force)x 100

Formula
-
OTHER ASPECTS



Recommended uses

This indicator can be used to improve government employment and human resources policies, as well as for labour market analysis by economists and planners in both the private and public sector.

Limitations

N/A

Other comments

The SIB conducts a Labour Force Survey twice a year during the months of April and September which are considered periods of high and low peaks of employment. Estimates are produced for each round at the national and district level as well as for urban and rural areas at the national level.