Unemployment rate
Dimension: Vulnerability
Area: Socioeconomic
Category: Economy
Definition: Unemployment refers to a situation in which a person isn't working but is available for and seeking employment (World Bank, 2023).
- Unit of measure: Unemployed people
- Formula:
Numerator: Unemployed people
Denominator: Total labor force
Data sources:
- National census
- World Bank data
- National institution of statistics
Comments and limitations: The total labor force is commonly measured as the population that falls into a certain age interval. Every country has its own definition of the labor force with different age intervals.
- World Bank (2023). Unemployment. Metadata Glossary. https://databank.worldbank.org/metadataglossary/world-development-indicators/series/SL.UEM.TOTL.NE.ZS#:~:text=Unemployment%20refers%20to%20the%20share,database%20(LFS)%E2%80%9D%20ILOSTAT.