Table 2 Factor loadings (pattern matrix) and unique variances
Variables | Factor 1: Modernisation level | Factor 2: Labour market conditions | Uniqueness | Kaiser-Meyer-Olkin scores |
|---|---|---|---|---|
Volume of labour force | 0.9644 | −0.0015 | 0.0699 | 0.7861 |
Labour force participation rate | 0.9111 | −0.0931 | 0.1611 | 0.9064 |
Share of employees in the primary sector | −0.9619 | 0.0542 | 0.0719 | 0.6975 |
Share of employees in the secondary sector | −0.8080 | 0.5319 | 0.0642 | 0.7391 |
Share of employees in the tertiary sector | 0.9360 | −0.3459 | 0.0042 | 0.7442 |
Economic performance (GDP) | 0.8879 | −0.3858 | 0.0628 | 0.8933 |
Economic performance per capita | 0.9050 | −0.4035 | 0.0181 | 0.8593 |
(Negative) Unemployment rate | 0.2658 | −0.9229 | 0.0776 | 0.7986 |
Ratio of notified vacancies and manpower | 0.0331 | 0.9300 | 0.1340 | 0.6239 |
Number of firms | −0.5119 | 0.7654 | 0.1521 | 0.8777 |
Overall | 0.7958 | |||
Eigenvalue | 7.2959 | 1.8881 | ||
Variance | 0.6156 | 0.3028 |