Concepts

To understand labour market statistics, it is useful to know about the underlying concepts. These concepts fit into a structure of labour supply and demand known as the labour market framework.

'Supply' is represented by those people who supply (or potentially supply) their labour to employers (see for example, employment, economic activity or inactivity). 'Demand' is represented by the jobs offered by employers and job vacancies.

This section describes these labour market concepts and includes definitions and related concepts.