Data Collection and Sources
📌 Data on the Colombian labor market, similar to inflation and quality of life, is collected by the Administrative Department of National Statistics (DANE).
🗺️ DANE uses the Great Integrated Household Survey (GIEH) to gather national data on employment status, job type, education, and demographics.
🔄 The GIEH is a continuous survey that allows for data comparability over time across Colombia (total, urban areas, dispersed rural areas, and 23 major metropolitan areas).

Labor Force Definitions and Segments
👥 The Economically Active Population (EAP), or labor force, includes everyone aged 15 and older who is participating in the job market (either working or actively seeking employment).
👷 Occupied population includes those who worked at least one paid hour, were not working during the reference week but had a job, or worked without pay for at least one hour.
🔍 Unoccupied population (Desocupados) are those without a salaried or independent job who actively sought employment in the last four weeks and are currently available to work.
🛋️ The Economically Inactive Population (PEI) consists of people not seeking work because they cannot, do not need to, or are uninterested in paid activities.

Occupied Subgroups and Informality
⏱️ Underemployed (Subocupados) workers desire improved income, working hours, or better alignment of activities with their skills, and have taken steps to achieve this change.
🚫 Informal workers are salaried employees or domestic workers who do not contribute to health or pension through their employment; this also includes self-employed individuals and employers classified in the informal sector.
❌ The informal sector includes market economic units and businesses not registered with relevant authorities (like Chambers of Commerce) and those lacking sufficient accounting separation of expenses; government entities and non-profits are excluded.

Key Labor Market Indicators and Calculations
📈 Global Participation Rate (TGP) is calculated as $\frac{\text{EAP}}{\text{Working Age Population (PET)}}$. Using the example: $\frac{25,000}{39,000} = 64\%$.
🧑‍💼 Employment Rate (Tasa de Ocupación) is calculated as $\frac{\text{Occupied}}{\text{PET}}$. Example: $\frac{22,000}{39,000} \approx 56\%$, meaning six out of ten people of working age are employed.
📉 Unemployment Rate (Tasa de Desocupación) is the proportion of the unemployed within the EAP: $\frac{\text{Unemployed}}{\text{EAP}}$. Example: $\frac{3,000}{25,000} = 12\%$.
😥 Underemployment Rate (Tasa de Subocupación) is calculated as $\frac{\text{Underemployed}}{\text{EAP}}$. Example: $\frac{2,000}{25,000} = 8\%$.
🔗 Informality Rate (Tasa de Informalidad) is determined by dividing the number of informal workers by the total occupied population: $\frac{\text{Informal Workers}}{\text{Occupied}}$. Example: $\frac{10,000}{22,000} \approx 45.45\%$.

Key Points & Insights
➡️ The DANE's GIEH is the primary continuous source for understanding the structure and dynamics of the Colombian labor market.
➡️ Understanding the labor market requires distinguishing between EAP (employed and unemployed actively seeking work) and the PEI (those outside the labor force).
➡️ The Informality Rate calculation specifically divides informal workers by the Occupied population, resulting in a figure of $\approx 45.45\%$ in the provided scenario.
➡️ Key indicators like unemployment, employment, and informality rates offer a snapshot of the population's labor panorama and situation.

📸 Video summarized with SummaryTube.com on Oct 04, 2025, 17:53 UTC