These municipalities of the Bajo/Baix Cinca region lead the way in full employment in the autonomous community
Full employment is measured using various statistical indicators, the most relevant being the unemployment rate . An economy is considered to have reached full employment when the unemployment rate is at what many economists call the natural rate of unemployment.
The Government has set as one of the objectives of the legislature the progress towards 'full employment', which it equates to an unemployment rate below 8%, compared to the current 12,3%, according to the latest EPA published by the National Employment Institute (INE).
Fraga is the municipality with a population between 10.000 and 40.000 inhabitants with the lowest unemployment rate , at 307 unemployed, representing a rate of 3,71%, according to the data portal datosmacro.com . Meanwhile, Belver de Cinca and Torrente de Cinca rank third and fourth respectively in the unemployment rate for municipalities in Huesca, with populations between 1.000 and 10.000 inhabitants , registering 12 and 17 unemployed residents each.
The unemployment rate is the percentage of unemployed people in the labor force. The labor force is defined as people aged 16 to 65 who are either employed or actively seeking employment.
Since there is no labor force survey (LFS) at the municipal level, the labor force data for most municipalities is unknown.
In theory, the labor force equals the number of unemployed in a locality plus the number of employed in that same locality. The problem with this formula is that, while the registered unemployed in a locality are those who reside there, those employed and registered with Social Security are those who work in workplaces located in that locality, but may live elsewhere.
