Labour market indicators
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1 Labour market indicators ESTP course -MIP Luxembourg 1-2 December 2016 Riccardo Gatto F3 Labour market and lifelong learning
2 OUTLINE Labour market indicators Activity rate Long run unemployment rate Youth unemployment rate Conclusions
3 Activity rate (AR) common concepts and definitions What the activity is? Common feeling versus formal definition Economic versus Social concept Possible sources of information The LFS
4 Activity rate (AR) common concepts and definitions
5 Activity rate (AR) common concepts and definitions
6 Activity rate (AR) common concepts and definitions Why the activity is interesting? Activity vs. Employment (EU 28)
7 Activity rate (AR) common concepts and definitions The activity rate 100 Employed + Unemployed Population
8 Activity rate (AR) common concepts and definitions Economic implications Social implications Potential labour force discouraged workers (additional indicators)
9 AR for MIP AR as a New employment indicators The three year change in p.p. The -0.2 p.p. threshold
10 AR for MIP
11 AR for MIP Some facts MIN Denmark -0.1 (rate: 78.5) Min rate Italy 64.0 MAX Hungary +4.9 (rate: 68.6) Max rate Sweden 81.7 Median UK and Latvia Over threshold 28 MS (100%) Under Threshold 0 MS (0%)
12 AR for MIP
13 Activity Rate AR for MIP 3y change in p.p.
14 Dissemination Metadata All countries covered under regulation Precision requirement also under regulation Revision rare event Quality reports
15 Long-term unempl. rate (LTUR) common concepts and definitions What the long-term unemployment is? Common feeling versus formal definition Economic versus Social concept Possible sources of information The LFS
16 Long-term unempl. rate (LTUR) common concepts and definitions
17 Long-term unempl. rate (LTUR) common concepts and definitions
18 Long-term unempl. rate (LTUR) common concepts and definitions Why the long term unempl. is interesting? LTUR vs. UR (EU 28)
19 Long-term unempl. rate (LTUR) common concepts and definitions The long-term unemployment rate 100 Unemployed 12 + Employed + Unemployed
20 Long-term unempl. rate (LTUR) common concepts and definitions Economic implications Social implications human capital loss resources wasted reallocation problems
21 LTUR for MIP LTUR as a New employment indicators The three year change in p.p. The 0.5 p.p. threshold
22 AR for MIP
23 LTUR for MIP Some facts MIN Ireland -3.7 (rate: 5.3) Min rate Sweden 1.5 MAX Greece +3.7 (rate: 18.2) Max rate Greece 18.2 Median Germany and Romania -0.2 Over threshold 8 MS (29%) Under Threshold 20 MS (71%)
24 LTUR for MIP
25 Dissemination Metadata All countries covered under regulation Precision requirement also under regulation Revision rare event Quality reports
26 Youth unempl. rate (YUR) common concepts and definitions What the youth unemployment is? Common feeling versus formal definition Economic versus Social concept Possible sources of information The LFS
27 Youth unempl. rate (YUR) common concepts and definitions
28 Youth unempl. rate (YUR) common concepts and definitions
29 Youth unempl. rate (YUR) common concepts and definitions Why the youth unemployment is interesting? YUR vs. UR (EU 28)
30 Youth unempl. rate (YUR) concepts and definitions The youth unemployment rate 100 Unemployed y(15 24) Employedy(15 24) + Unemployedy(15 24)
31 Youth unempl. rate (YUR) common concepts and definitions Economic implications Social implications lack of accumulation of human capital waste of resources delayed start of working life delay in everything else frustrating beginning
32 YUR for MIP YUR as a New employment indicators The three year change in p.p. The 0.2 p.p. threshold
33 AR for MIP
34 YUR for MIP Some facts MIN Latvia (rate: 16.3) Min rate Germany 7.2 MAX Cyprus +5.1 (rate: 32.8) Max rate Greece 49.8 Median Slovenia and Denmark -3.8 Over threshold 4 MS (14%) Under Threshold 24 MS (86%)
35 YUR for MIP
36 Dissemination Metadata All countries covered under regulation Precision requirement also under regulation Revision rare event Quality reports
37 Conclusions New labour market indicators Under regulation / Data and metadata available on website Headline indicators in new employment indicators section
38 Your turn
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