According to the ONS (May 2015) the 'employment rate' was 73.5% However, the 'un... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		dazc on Nov 13, 2015 \| parent \| context \| favorite \| on: How Finland plans to implement the first nation-wi... According to the ONS (May 2015) the 'employment rate' was 73.5% However, the 'unemployment rate' was 5.5% http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/m... http://www.bbc.co.uk/news/10604117 * A person is classed as unemployed if not only out of work, but also actively looking for work and available to start work within a fortnight. * The unemployment figure is higher than the claimant count as many job seekers do not or cannot claim JSA (Job Seekers Allowance)

s73v3r on Nov 13, 2015 [–]

Keep in mind that the other ~27% of people who are not "employed" also includes retired persons, students, stay at home parents, disabled people who are not able to work, in addition to people who have just given up on job seeking.

Consider applying for YC's Summer 2026 batch! Applications are open till May 4
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact