Unemployment rates are quite difficult to calculate on the grounds that there are many definitions of unemployed. In the UK the "official" unemployment rate for years was calculated based on the number of people who were out of work and claiming unemployment. Recently, a (higher) poll based figure is being used where the number of people who fit the first category plus those who are actively seeking work but not claiming benefit. This significantly increases the unemployment rate.
The second approach misses those who are functionally unemployed but who have either retired early or have signed onto disability benefits and have given up on working (even though they are capable of work).
I think that most developed countries use the second, poll based, definition.
The second approach misses those who are functionally unemployed but who have either retired early or have signed onto disability benefits and have given up on working (even though they are capable of work).
I think that most developed countries use the second, poll based, definition.