Abstract:The unemployment rate is the ratio of people out of work and actively seeking it to the population of working age either in work or actively seeking it (15 to 64‐years old). The data are gathered through labour force surveys of member countries. According to the standardised ILO definition used in these surveys, the unemployed are those who did not work for at least one hour in the reference week of the survey but who are currently available for work and who have taken specific steps to seek employment in the four weeks preceding the survey. Thus, for example, people who cannot work because of physical impairment, or who are not actively seeking a job because they have little hope of finding work are not considered as unemployed.
Document Type: Review Article
Publication date: April 1, 2011