Unemployment

Main Indicators

Population (WAP): the number of persons of working age (15 years and over)
Employment (E): the number of employed workers (total, full-time and part-time)
Unemployment (U): the number of workers who are able and want to work but are not employed
Labour force (LF): Employment + Unemployment
Out of the labour force: It is not directly given, but it can be obtained using the other series. It is equal to Population minus Labour force. It includes discouraged workers, retirees, students, etc.
Incidence (I): the proportion of individuals that become unemployed
Duration (D): the duration is the average time each unemployed workers have been unemployed

L F = E + U

U R = \frac{U}{LF} \times 100 = (1 - \frac{E R}{P R}) \times 100

P R = \frac{LF}{WAP} \times 100

E R = \frac{E}{WAP} \times 100

U R = D \times I