Find here key and commonly used skills-related terms and concepts with their definitions.

N

NACE

A statistical classification of economic activities in the European Union. The present NACE version is Rev. 2, which is the new revised version of the NACE Rev. 1 and of its minor update NACE Rev. 1.1. NACE 1.1 classifies economic activities into broad 17 sectors, which are sub-divided into further 41 sub-sectors. NACE rev. 2 classifies economic activities into broad 21 sectors, which are sub-divided into further 63 sectors. For more information see http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-RA-07-015/EN/KS-RA-07-015-EN.PDF

NEET

Young people neither in employment nor in education and training (NEET) – calculated as the percentage of the population of a given age group (usually 15-24) who are not employed and not involved in further education or training

Numeracy

Numeracy is defined as the ability to access, use, reason, understand, interpret and communicate mathematical information and ideas in order to engage in and manage the demands of a range of situations in adult life (see Literacy)