Thursday, April 10, 2014Tweet
[IWS] Eurostat: UNDEREMPLOYMENT AND POTENTIAL ADDITIONAL LABOUR FORCE STATISTICS [April 2014]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
UNDEREMPLOYMENT AND POTENTIAL ADDITIONAL LABOUR FORCE STATISTICS [April 2014]
This article reports on three forms of unemployment in the European Union (EU) which are not covered by the ILO definition of unemployment. They are: underemployed part-time workers, jobless persons seeking a job but not immediately available for work and jobless persons available for work but not seeking it. These three groups do not meet all criteria of the ILO unemployment definition i.e. being without work, actively seeking work, and being available for work. However, while not being captured through the unemployment rate, these groups still represent a form of unmet demand for employment. For this reason they constitute 'halos' around unemployment. While underemployed part-time workers form already part of the labour force, persons seeking work but not immediately available and persons available to work but not seeking are outside the labour force, but could be seen and termed as a 'potential additional labour force'. Underemployment and potential additional labour force are indicators designed to supplement the unemployment rate to provide a more complete picture of the labour market.
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