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The global payroll to population rate remains at 26%, not having grown since 2011, according to Gallup’s recently released Good Jobs 2014 report.
The annual report focuses on the payroll to population rate (P2P), which measures the amount of adults employed full-time by an employer for at least 30 hours a week. The measurement leaves out individuals who work part-time, are self-employed or unemployed, or are out of the workforce. The P2P rate is not seasonally adjusted. The report’s data was collected through 182,000 interviews in 144 countries.
The P2P metric aims to analyze an economy’s health in a different way than traditional measurements of unemployment by focusing on the number of people in good jobs rather than subsistence jobs, which do little to alleviate poverty. P2P also has a positive relationship with GDP per capita and has been linked to measurements like quality of life.
“Worldwide, P2P rates in 2014 ranged from lows in the single digits in countries with large informal economies and high self-employment to about half of the population in some wealthier countries with relatively low unemployment and higher formal economic employment and workforce participation,” Gallup reported.
This year’s report showed Qatar and the United Arab Emirates topping the list for the highest P2P rates with 62 percent and 61 percent, respectively. Qatar and the UAE’s high P2P rates are likely related to the states’ small populations and large number of expatriates. The United States was also on the list of high P2P countries with a rate of 44 percent.
On the other end of the spectrum, many countries in sub-Saharan Africa made up the list of the countries with the lowest P2P rates. Liberia claimed the lowest rate with only 3% of the state’s adults in the workforce being employed full-time by an employer. This low P2P is seen to reflect the state’s struggle with Ebola this past year, which had detrimental effects on the Liberian economy.
Regionally, Northern Europe and the Former Soviet Union saw their P2P rates drop by 2 percent.
According to the report, 19 percent of adults across the globe are self-employed. High rates of self-employment are often associated with low economic performance as those who work for themselves are three times more likely to be living on less than 2 USD a day. Self-employment was highest in regions like East and Southeast Asia.
Gallup’s Good Jobs report also made interesting observations on the gender gap worldwide. The report found that globally men are more likely to be employed full-time by an employer than women. Worldwide, men had a measured P2P rate of 33 percent, while women had a P2P rate of only 19 percent, marking a 14-point gap between the genders. The report noted that this gap has been fairly stagnant, only dropping one point since 2009.
Men and women are found to have approximately the same chance of being employed part-time globally. However, women are more likely to just be out of the workforce.
Women’s deficit was largest in regions like Southeast Asia and the Middle East and North Africa (MENA) where many women are not in the workforce due to political and cultural reasons. Due in part to less female participation, MENA also had the lowest workforce participation.
Belarus was the best country for women in terms of P2P, with 48 percent of adult women being fully employed by an employer. The P2P rate for women did not exceed 50 percent in any nation in the world, while men had a P2P rate of 50 percent or higher in 13 countries.
Gallup also reported no change in global unemployment since 2013. The world remained at 8 percent unemployment.
According to the report, 19 percent of adults across the globe are self-employed. High rates of self-employment are often associated with low economic performance as those who work for themselves are three times more likely to be living on less than 2 USD a day. Self-employment was highest in regions like East and Southeast Asia.
Gallup’s Good Jobs report also made interesting observations on the gender gap worldwide. The report found that globally men are more likely to be employed full-time by an employer than women. Worldwide, men had a measured P2P rate of 33 percent, while women had a P2P rate of only 19 percent, marking a 14-point gap between the genders. The report noted that this gap has been fairly stagnant, only dropping one point since 2009.
Men and women are found to have approximately the same chance of being employed part-time globally. However, women are more likely to just be out of the workforce.
Women’s deficit was largest in regions like Southeast Asia and the Middle East and North Africa (MENA) where many women are not in the workforce due to political and cultural reasons. Due in part to less female participation, MENA also had the lowest workforce participation.
Belarus was the best country for women in terms of P2P, with 48 percent of adult women being fully employed by an employer. The P2P rate for women did not exceed 50 percent in any nation in the world, while men had a P2P rate of 50 percent or higher in 13 countries.
Gallup also reported no change in global unemployment since 2013. The world remained at 8 percent unemployment.The views presented in this article are the author’s own and do not necessarily represent the views of any other organization.
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Gallup’s Latest Good Jobs Report: No Change in Global Unemployment Rate Since 2009
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June 15, 2015
The global payroll to population rate remains at 26%, not having grown since 2011, according to Gallup’s recently released Good Jobs 2014 report.
The annual report focuses on the payroll to population rate (P2P), which measures the amount of adults employed full-time by an employer for at least 30 hours a week. The measurement leaves out individuals who work part-time, are self-employed or unemployed, or are out of the workforce. The P2P rate is not seasonally adjusted. The report’s data was collected through 182,000 interviews in 144 countries.
The P2P metric aims to analyze an economy’s health in a different way than traditional measurements of unemployment by focusing on the number of people in good jobs rather than subsistence jobs, which do little to alleviate poverty. P2P also has a positive relationship with GDP per capita and has been linked to measurements like quality of life.
“Worldwide, P2P rates in 2014 ranged from lows in the single digits in countries with large informal economies and high self-employment to about half of the population in some wealthier countries with relatively low unemployment and higher formal economic employment and workforce participation,” Gallup reported.
This year’s report showed Qatar and the United Arab Emirates topping the list for the highest P2P rates with 62 percent and 61 percent, respectively. Qatar and the UAE’s high P2P rates are likely related to the states’ small populations and large number of expatriates. The United States was also on the list of high P2P countries with a rate of 44 percent.
On the other end of the spectrum, many countries in sub-Saharan Africa made up the list of the countries with the lowest P2P rates. Liberia claimed the lowest rate with only 3% of the state’s adults in the workforce being employed full-time by an employer. This low P2P is seen to reflect the state’s struggle with Ebola this past year, which had detrimental effects on the Liberian economy.
Regionally, Northern Europe and the Former Soviet Union saw their P2P rates drop by 2 percent.
According to the report, 19 percent of adults across the globe are self-employed. High rates of self-employment are often associated with low economic performance as those who work for themselves are three times more likely to be living on less than 2 USD a day. Self-employment was highest in regions like East and Southeast Asia.
Gallup’s Good Jobs report also made interesting observations on the gender gap worldwide. The report found that globally men are more likely to be employed full-time by an employer than women. Worldwide, men had a measured P2P rate of 33 percent, while women had a P2P rate of only 19 percent, marking a 14-point gap between the genders. The report noted that this gap has been fairly stagnant, only dropping one point since 2009.
Men and women are found to have approximately the same chance of being employed part-time globally. However, women are more likely to just be out of the workforce.
Women’s deficit was largest in regions like Southeast Asia and the Middle East and North Africa (MENA) where many women are not in the workforce due to political and cultural reasons. Due in part to less female participation, MENA also had the lowest workforce participation.
Belarus was the best country for women in terms of P2P, with 48 percent of adult women being fully employed by an employer. The P2P rate for women did not exceed 50 percent in any nation in the world, while men had a P2P rate of 50 percent or higher in 13 countries.
Gallup also reported no change in global unemployment since 2013. The world remained at 8 percent unemployment.
According to the report, 19 percent of adults across the globe are self-employed. High rates of self-employment are often associated with low economic performance as those who work for themselves are three times more likely to be living on less than 2 USD a day. Self-employment was highest in regions like East and Southeast Asia.
Gallup’s Good Jobs report also made interesting observations on the gender gap worldwide. The report found that globally men are more likely to be employed full-time by an employer than women. Worldwide, men had a measured P2P rate of 33 percent, while women had a P2P rate of only 19 percent, marking a 14-point gap between the genders. The report noted that this gap has been fairly stagnant, only dropping one point since 2009.
Men and women are found to have approximately the same chance of being employed part-time globally. However, women are more likely to just be out of the workforce.
Women’s deficit was largest in regions like Southeast Asia and the Middle East and North Africa (MENA) where many women are not in the workforce due to political and cultural reasons. Due in part to less female participation, MENA also had the lowest workforce participation.
Belarus was the best country for women in terms of P2P, with 48 percent of adult women being fully employed by an employer. The P2P rate for women did not exceed 50 percent in any nation in the world, while men had a P2P rate of 50 percent or higher in 13 countries.
Gallup also reported no change in global unemployment since 2013. The world remained at 8 percent unemployment.The views presented in this article are the author’s own and do not necessarily represent the views of any other organization.
