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Economic Calendar Terms

EZ Unemployment rate yy

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Unemployment rates represent unemployed persons as a percentage of the labour force. The labour force is the total number of people employed and unemployed. Unemployed persons comprise persons aged 15 to 74 who were: a. Without work during the reference week, b. Currently available for work, i.e. were available for paid employment or self-employment before the end of the two weeks following the reference week, c. Actively seeking work, i.e. had taken specific steps in the four weeks period ending with the reference week to seek paid employment or self-employment or who found a job to start later, i.e. within a period of at most three months. This series covers euro area with 13 Member States (Belgium, Germany, Spain, France, Ireland, Italy, Luxembourg, Netherlands, Austria, Portugal, Slovenia, Finland.