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Population of Working Age
The population of working age is a statistical category used in labour market analysis that typically includes all individuals between the ages of 15 and 64. It is calculated by taking the total population and subtracting children and those over the age of 64.
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Economics
Economy
Introduction to Macroeconomics Course
Ch.1 The supply side of the macroeconomy: Unemployment and real wages - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
CORE Econ
Social Science
Empirical Science
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Learn After
Participation Rate
Employment Rate
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An individual is counted as part of the working-age population only if they are within the standard age range (typically 15-64) and are also actively participating in the job market (either employed or looking for work).