Unemployment and vacancies – IndicatorsIntroduction
It is possible to identify labour market imbalances by examining unemployment figures, job vacancy figures and other indicators. Such imbalances become apparent in Key Data whenever labour supply and demand fail to match up.
Two coexisting concepts are used in unemployment statistics: the first term, the unemployed based on ILO definition, is based on international definitions and refers to persons without employment who are actively looking for work but are not necessarily registered with a regional placement office; the second term, the registered unemployed, refers to persons without employment who are registered with a regional placement office. Unemployment statistics also provide information on the underemployed, which refers to persons working part-time who wish to work more.
Key Data includes information on unfilled vacancies and recruitment challenges, revealing the extent to which labour demand from companies can be met by labour supply. The three-month personnel forecasts provided by companies are used to calculate the employment outlook indicator.
Two coexisting concepts are used in unemployment statistics: the first term, the unemployed based on ILO definition, is based on international definitions and refers to persons without employment who are actively looking for work but are not necessarily registered with a regional placement office; the second term, the registered unemployed, refers to persons without employment who are registered with a regional placement office. Unemployment statistics also provide information on the underemployed, which refers to persons working part-time who wish to work more.
Key Data includes information on unfilled vacancies and recruitment challenges, revealing the extent to which labour demand from companies can be met by labour supply. The three-month personnel forecasts provided by companies are used to calculate the employment outlook indicator.
Last updated: 17.12.2010