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U.S. unemployment rate and employment to population ratio (EM ratio)

The Organization for Economic Co-operation and Development defines the employment rate as the employment-to-population ratio. The employment-population ratio is many American economists' favorite gauge of the American jobs picture{{ safesubst:#invoke:Unsubst||date=__DATE__ |$B= {{#invoke:Category handler|main}}{{#invoke:Category handler|main}}[citation needed] }}. According to Paul Ashworth, chief North American economist for Capital Economics, "The employment population ratio is the best measure of labor market conditions."<ref>The other unemployment rate. (2012, October 18). Retrieved December 10, 2012,

    from CNN: Money website: http://money.cnn.com/2012/10/18/news/economy/other-unemployment-rate/index.html

</ref> This is a statistical ratio that measures the proportion of the country's working-age population (ages 15 to 64 in most OECD countries) that is employed. This includes people that have stopped looking for work.<ref>Employment/Population Ratios for the 50 Largest Metropolitan Statistical Areas:

    2008, 2009, and 2010. (2011, September). Retrieved December 10, 2012, from
    United States Census Bureau website: http://www.census.gov/prod/2011pubs/
    acsbr10-09.pdf

</ref> The International Labour Organization states that a person is considered employed if they have worked at least 1 hour in "gainful" employment in the most recent week.<ref>{{#invoke:citation/CS1|citation |CitationClass=citation }}</ref>


Employment-to-population ratio sections
Intro  Background  Key definitions  Use  Employment-to-population ratio in the world  See also  References  

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