Estimating labour market slack in the European Union
Published:
18 July 2017
Research report
Authors
Abstract
Labour market slack is the shortfall between the volume of work desired by workers and the actual volume of work available. The most important indicator of labour slack is the unemployment rate, but an exclusive focus on this fails to take account of the four-fifths of the jobless population who are inactive rather than unemployed. Many people in this group have some form of labour market attachment – they would like to work, are seeking work or are available to work. In addition, many part-time workers would like to work longer hours. The aim of this report is to develop a more nuanced estimate of labour slack using EU Labour Force Survey data, which allows involuntary part-timers and inactive people with some labour market attachment to be identified and quantified. The authors calculate that there were around 50 million people in the broad category of labour slack in 2015 and that labour slack has been slower to fall in response to the recovery than unemployment.
Estimating labour market slack in the European Union
English (3.28 MB - PDF)
Executive summary
Estimating labour market slack in the European Union
Author(s):
Estimating labour market slack in the European Union
English (109.43 KB - PDF)Оценка на недостатъчната заетост на пазара на труда в Европейския съюз
Български (121 KB - PDF)Estimación de la atonía laboral en la Unión Europea
Español (116.91 KB - PDF)Odhad volnosti na trhu práce v Evropské unii
Čeština (110.31 KB - PDF)Skøn over det uudnyttede arbejdskraftpotentiale i Den Europæiske Union
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Magyar (111.32 KB - PDF)Indicatoren van een slappe arbeidsmarkt in de Europese Unie
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Português (108.93 KB - PDF)Estimarea deficitului de pe piața forței de muncă în Uniunea Europeană
Română (120.31 KB - PDF)Odhadovanie nevyužitých pracovných síl na trhu práce v Európskej únii
Slovenčina (111.59 KB - PDF)Ocena stagnacije trga dela v Evropski uniji
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Svenska (117.33 KB - PDF)- Number of pages
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56
- Reference nº
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EF1711
- ISBN
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978-92-897-1588-1
- Catalogue nº
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TJ-02-461-EN-N
- DOI
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10.2806/610691
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