Labour Underutilisation Rate (2007 - 2024)

The unemployment rate is the ratio between those who are unemployed and the labour force (the sum of the employed and the unemployed) based on International Labour Office (ILO) definition. Unemployed people are those who did not do any work for pay in the reference week of the survey, are available for work, and took active steps to look for work in the last four weeks, and those who have found a job but have not yet started. The broader labour underutilisation rate includes in the numerator the unemployed, the marginally attached (i.e. persons not in the labour force who did not look for work during the past four weeks but who wish and are available to work) and the underemployed (full-time workers working less than usual during the survey reference week for economic reasons and part-time workers who wanted but could not find full-time work), expressed as a ratio of the labour force.

Quarterly data for Labour Underutilisation Rate (also known as Labour Slack by Eurostat) (%) between the first quarter of 2007 and 2024 for United States, Japan, Germany, United Kingdom, France, Italy, Canada, Australia, Spain, Netherlands, Sweden, Poland, Belgium, Norway, Ireland, Austria, Denmark, Finland, Czechia, Portugal, Greece, Hungary, Chile, Slovenia, OECD and G7.