LAC Equity Lab: Labor Markets - Labor Force

In the Latin America and the Caribbean region, labor income accounts for anywhere between 60 to 80 percent of total income for the poorest groups. Although the region has expanded social protection programs and other income sources, increases in labor income have been the single biggest driver of poverty reduction since 2000.

This dashboard presents comparative data for the past 10 years with the main labor market indicators (labor force participation, employment rate, and unemployment rate) disaggregated by indicators of monetary poverty, shared prosperity and level of education attained. Employment rate indicators are also disaggregated by economic sector (primary, manufacturing, construction and utilities, retail and services), firm size (small private firms, large private firms and public enterprises) and type of worker (employers, self-employed, wage employee and unpaid workers). Statistics are available for three comparable points in time for the LAC aggregate, across regions and countries. 

Definition of labor market indicators:

Labor force participation: Share of the adult population that is in the labor force. The labor force includes employed workers and unemployed workers (those who are actively seeking work).

Employment rate: Share of the adult population that is employed.

Unemployment rate: Share of the labor force that is unemployed. In other words, the number of unemployed workers as a share of the total number of employed + unemployed workers.