Labor Market
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Indicators |
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Annual average unemployment rate Low levels of unemployment in a district are the sign of a vibrant and job-creating local economic environment. |
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Annual average employment rate of the population aged 15 to 64 The employment rate is a leading indicator of the labour market showing what proportion of the working age population is actually employed. |
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Annual average economic activity rate of the population aged 15 to 64 The economic activity rate shows what part of the population is employed or actively seeks employment. The economically active population forms the labor force in each district. |
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Demographic replacement rate (ratio of the number of people aged 15 to 19 to those aged 60 to 64) The demographic replacement rate shows the ratio of the number of people aged 15 to19 (who are about to enter the labor market) to those aged 60 to 64 (who are about to leave it). The demographic replacement rate is used as an indicator of the reproductive capacity of the labor force in the country's districts. |
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Relative share of the population aged 25 to 64 with tertiary education A high share of population with tertiaryeducation in a district creates prerequisites for increased competitiveness, labor productivity, and economic growth. |
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Relative share of the population aged 25 to 64 with primary or lower education An indicator of the educational structure of the workforce. The higher the share of people with primary or lower education, the lower the potential of the labor market to fill created new jobs. A lower education level implies lower economic activity, lower productivity, and thus lower incomes. |
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ECONOMIC DEVELOPMENT
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