The International Labour Organisation (ILO) considers people of working age to be in one (and one only) of three situations in the labour market: employed, unemployed, or inactive. The employed and unemployed together are known as the labour force.
Read moreA closely watched indicator is the unemployment rate (the number of unemployed as a percentage of the labour force). The unemployment rate tracks what economists call “labour slack” – the match between the jobs on offer in an economy and the number of people seeking to work – and is a key indicator of a society’s economic and social well-being.
Read moreLabour force data are typically analysed by gender, age group (youth, prime age, older). They are also frequently broken down in many other ways for specific policy purposes: by economic sector, by occupation, by level of education, full- and part-time workers, the short- and long-term unemployed.
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OECD unemployment rate stable at 5.9% in May 2017 |
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OECD Harmonised Unemployment Rates, s.a. |
11/07/2017 - The OECD unemployment rate was stable at 5.9% in May 2017. Across the OECD area, 36.8 million people were unemployed, 4.1 million more than in April 2008. The unemployment rate in May was also stable (at 9.3%) in the euro area, although with some variation across countries. The Slovak Republic recorded the largest decline (down by 0.2 percentage point, to 8.1%) while there were small increases in France and Italy (up by 0.1 percentage point, to 9.6% and 11.3%, respectively). |
Behind the numbers
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Further statistics on the labour market |
Related labour topics |