There is a new normal.
The Working Age Population, often referred to as the WAP, is the population aged 15 years and over. The labour force consists of people from the WAP who are ready and available to work.
Labour force participation shows the share of people 15 years and over (the WAP) who are participating in the labour force and are either employed full-time, part-time, or are unemployed.
People that are in the WAP but not in the labour force could be studying, retired, or at home engaged in non-paid activities such as caring for family members. This is different from being unemployed. People who are unemployed are defined as looking for work, and are able to start work within four weeks.
BERL can work with you to identify the data and information you need to understand your local labour market, and how that compares to what is happening in your region or nationally. We can provide economic analysis and commentary on the latest surveys, and add to your evidence base through the use of data and information from our longitudinal databases and economic modelling tools. We can assist you to better understand and use demographic and migration data, and place these trends in a global context.
If you wish to find out more, we are more than happy to talk to you.