CFA Level 1: Employment Calculation | Test Prep

Employment Calculation

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Question

Employment is the number of persons employed divided by the number of persons

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Explanation

The employment/population ratio is the number of persons aged 16 years and over employed as civilians divided by the total civilian population 16 years of age and over. The ratio is expressed as a percentage. This rate does not make a subjective judgment as to whether a person is actually "available for work" or

"actively seeking employment."