The ratio of people aged 15 years of age and older who are working, to the overall population in this age group refers to what measure?

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The employment rate measures the proportion of people aged 15 years and older who are employed, relative to the overall population in this age group. It is an important indicator of a country's economic health and well-being, and is often used to compare different countries or regions. The underemployment rate refers to the proportion of people who are employed, but who are working less than they would like or are in jobs that do not fully utilize their skills or education. The unemployment rate measures the percentage of people who are not employed but actively seeking work, relative to the total labor force. The credential gap refers to the mismatch between the skills and qualifications of workers and the requirements of available jobs, often resulting in either overqualification or underemployment. Labour market segmentation rate measures the degree to which the labour market is divided into groups with differing levels of skills and earning potential.

The Ratio of People Aged 15 Years of Age and Older