Illustrative Employment Rate Calculation

Total Population 15 years and over
= 24,284,900

Eligible working age population that is employed
= 14,909,700

Employment Rate
= 14,909,700/24,284,900
= 61.4%

It should be noted that the Employment Rate differs considerably from the Unemployment Rate in that the Employment Rate is measuring employed as a per cent of the population 15 years of age andover while the Unemployment Rate measures the unemployed as a per cent of the labour force.