Job rate

Source

HERMREG database: cooperation project between the Federal Planning Bureau, Statistics Flanders (SV), the Institut Wallon de l’Evaluation, de la Prospective et de la Statistique (IWEPS) and the Brussels Institute for Statistics and Analysis (BISA), Statbel and the Institute of National Accounts (Instituut voor de Nationale Rekeningen INR), processed by Statistics Flanders 

Eurostat

Definitions

Job rate: the number of jobs taken (salaried or self-employed) in a country or region, regardless of where the person comes from, in relation to the population aged 15-64. This concerns employees and self-employed persons as defined by the European System of Accounts (ESA) 2010. Employees are persons who, on the basis of an employment contract (whether formal or informal), work for another institutional unit in their country and are remunerated for this work. Persons who are in employment are classified as employees only if they are not principally self-employed. Self-employed persons are persons who work as owners or co-owners in a business without legal personality which is not considered a quasi-corporation. Self-employed persons include unpaid family workers, workers from home whose incomes depend on the output of the production process for which they are responsible and workers who produce only for their own consumption or own investment.

The population aged 15-64 in year T is the average of the number on 1 January T and 1 January T+1.

The job rate is an important factor determining the composition of the gross domestic product per inhabitant and is mainly used in economic analyses. The job rate is not equal to the employment rate, which is defined as the number of employed persons (salaried or self-employed) living in a country or region, regardless of where they work, relative to the population aged 20-64. The employment rate is an indicator that is mainly used in labour market analyses.

Remarks on quality

The ESA 2010 guarantees a comparable format of the aggregate across countries. Data for the last few years may be revised due to the availability of new statistical information (from annual reports, information from the actors involved, etc.) and the alignment with the national accounts, which may also be revised. 

The output of the Institute of National Accounts provides the source for the medium-term projections of the HERMREG model. These are projected by means of econometric estimates by the Federal Planning Bureau and the three regional institutions. The HERMREG output is always submitted to a Steering Committee in which the Federal Planning Bureau and the Regions are represented.

References

FPB, SV, IWEPS, BISA: Regional economic prospects 

Institute of National Accounts (Instituut voor de Nationale Rekeningen INR):Regional accounts 

European Commission: Ameco 


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