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This document provides essential definitions and metrics related to the Australian labour force. It defines the labour force as the sum of employed persons (both full and part-time) and unemployed persons aged 15 to 64. Employed persons include those working for pay, in family businesses, or on leave. It differentiates between full-time (35+ hours) and part-time workers. It also explains the criteria for unemployment, including the requirement to be actively seeking work and registered with job agencies. Key metrics like participation rate and unemployment rate are also defined.
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Appendix 1 Australian Labour force Some definitions • Labour force = Employed persons (Full time + Part time) + Unemployed persons • Employed persons - Age 15 to 64 currently employed (work for at least 1 hour per week for payment or payment in kind including those who work without pay in a family business or farm) – includes self employed, workers on leave (paid or unpaid), on strike, on workers’ compensation • Full time – work for 35 hours or more a week • Part time – work for more than 1 hour but less than 35 hours • Unemployed person - Age 15 to 64 currently available for work and actively looking for work or waiting to start a new job. They have to be registered with accredited job agencies, be available for work, making job applications and attending interviews.
Appendix 1 Australian Labour force Some definitions • Participation Rate = Labour force x 100% Working Age Population • Working Age Population – all persons who are age 15 to 64 • Unemployment rate = Number of people unemployed x 100% Labour force