historically focussed on reducing unemployment (the tip of the iceberg), the group of inactive people (below the waterline) is much … larger. Therefore, we point to the clear limitations of the unemployment rate as the (single) key macro-economic indicator of … the health of the labour market. A parsimonious dashboard approach utilising the unemployment-to-population ratio and the …

employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …

The integration of active labour market policies within income support schemes - such as unemployment insurance and …