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Unemployment, total (% of total labor force) (modeled ILO estimate)

SL.UEM.TOTL.ZS

Definition

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

Methodology for Labor & Business indicators

Labor market indicators rely on household labor force surveys, which are conducted infrequently in many countries — annual data for some economies is partly modeled. Unemployment rates are particularly sensitive to definitions (ILO-standard versus national-standard, including or excluding discouraged workers). Informal-sector employment is undercounted in many low-income economies.

How to interpret

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