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STF01020 Employees and jobs by institutional sector, long-term residency, citizenship, sex and month (1985M01-2024M12)

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Maria Heen
1/14/2025
number
M
2/14/2025
8/29/2024
Yes
Statistics Faroe Islands: www.hagstova.fo/en
STF01020_BKNG_MD
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Field for searching for a specific value in the list box. This is examples of values you can search for.Total (citizenship) , Europe , - Northern Europe ,

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Symbols:  -  Nil (exactly zero)
 0  Rounded to zero
 •  Not applicable
 ••  Not available or too uncertain
 ••• Not disclosed, confidentiality/privacy protected According to the International Labour Organization (ILO) persons in employment are those of working age who, during a short reference period, were engaged in any activity to produce goods or provide services for pay or profit. This is comprised ofa) employed persons 'at work', who worked for at least one hour during the reference period (often set to one week); andb) employed persons 'not at work' due to temporary absence (such as shift work, flex time, compensatory leave for overtime, parental leave or illness).The source to employment numbers are monthly wages in cash paid by an employer to an employee through the pay-as-you-earn (PAYE) tax system. In accordance with the international standards, a monthly wage threshold is set at 4 times the hourly minimumwage+holidaypay from the collective agreement between the Faroese Worker's Union (FA) and the Faroese Employers Association (FEA). Thus, if the montly wage received is below the mark, the person is not coinsidered an employee that month. The Faroese Safety Authority states that children under the age of 13 cannot be employed, which thus is set to be the minimum age threshold.In accordance with the above mentioned an employee is set to be a person at age 13 or above, who in the relevant month received a wage of minimum one hour a week or more through the pay-as-you-earn (PAYE) tax system.

long-term residency

Whether a person is deemed as having long-term residency to the Faroes or not. In order to have long-term residency ones has to either have lived in the Faroes for half their life or for 7 out of 10 consecutive years at some point in their life.

citizenship

Citizenship is overall grouped in to continents, however, in cases of larger number of people it is further divided in to smaller geographical areas. Citizenship is based on the country with most inhabitants with said citizenship. For example, Greenland is grouped in to Northern Europe, as they have Danish citizenship, even though the country geographically falls under North America.

institutional sector

Institutional sectors are the sorting of institutional entities by economic activity. The economic activity is determined by whether the goods and services produced are for the market, whether the ownership is public or private, as well as the type of production. The definitions and terms used are based on the guidelines provided in the 'System of National Accounts' (SNA) by the United Nations and the 'European System of Accounts' (ESA) by Eurostat. In the wage and employment statistics the institutional sectors are grouped differently than normal. Non-financial corporations, finacial corporations, households and organizations are grouped together and divided by whether the ownership is public, private or foreign. Public administration and services is unchanged and is divided in to central government, state government, local government and social security funds. 'The Rest of the World' is a separate institutional sector, which is grouped together with unknown sector, if any.

measure

Employees (main job)

Main job of an employee is set to be the main activity and institutional sector of the employer from which the largest wage is received. An employee only counts once.

Main- and minor jobs

Counts the total of main- and minor jobs together in the institutional sector/economic activity. An employee can have multiple counts due to several jobs in each institutional sector/economic activity.

Minor jobs

Counts the number of minor jobs in the institutional sector/economic activity. An employee can have multiple counts. Main jobs are excluded.

Jobs across economic activities

This value portrays the number of employees in each institutional sector/main activity when minor jobs are also included. An employee can only count once in each institutional sector/economic activity, but several times across. Thus the number is higher than the measure of number of employees (main job).

Employers

Counts the number of employers. Employers count only once, which is in their main activity.”