Labor force

Total number of employed and unemployed persons; reported for the euro area in the respective ECB Monthly Bulletin, annex “Euro area statistics”, heading “Prices, output, demand and labor markets” and observed under the two-pillar principle. – This figure is very often (and by whom!) misunderstood, and then only employed persons are included. – See labor costs, compensation per capita, unemployment rate, fringe benefits, wage costs, minimum wage unemployment, potential growth. – Cf. Deutsche Bundesbank Monthly Report of April 2012, p. 23 (projection of labor supply in Germany until 2020).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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https://www.jung-stilling-gesellschaft.de/merk/
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