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Q. Explain about Employment Rate?

Employment Rate: This measures share of working age adults who are in fact employed in a paying position. Employment rate can be a better indicator of the strength of labour markets than unemployment rate (As the unemployment rate depends on whether or not a non-working individual is considered to be 'in' the labour force).

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9579306

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