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ET1-P1 Employment Growth Rate

 

ET1-P1 Employment Growth Rate
Definition

The employment growth rate defined as the change in the number of employment in the current year compared with the number of employment in the base year.

Justification

Labor force is not the same as total population. In many countries, the labor force is categorized as the population aged between 15-64 years old. In this age range, there are people who are not in the labor force such as school children, students and housewives.

The increase in labor force is due to the increased number of working-age population and rising rates of labor force participation. In 2010 the growth rate of the labor force increased by 2.3% compared to 1.0% in 2009. However the government is targeting the same growth rate of labor force in 2011.

Sumber : Economic Planning Unit dan Ministry of Human Resources, 2011.

Source
  •  Malaysian Statistics Department

Details

A.    Total population aged between 15-64 years in the area in current year.

B.    Total population aged between 15-64 years in the area in benchmark year.

Formula Standards Range Score Target Standards

ET1 – P1 = 1/n log (A/B) x 100

Di mana:

A =    Total population aged between 15-64 years in the area in current year.

B =   Total population aged between 15-64 years in the area in benchmark year.

n =  Year interval.

 

 

> 2.3% (high)

 1.6% – 2.2% (moderate)

< 1.6% (low)

 

3

2

1

 

 > 2.4%