Sunday, 21 November 2010

UK - Job Shortage Rate vs Unemployment Rate, 1993 - 2010


Source: Office of National Statistics
Job Demand: Employed(MGRZ) + Unemployed (MGSC) + Inactive, want job (LFM2) + 2nd Jobs (YCBW)
Job Supply: Workforce Jobs (DYDC) + Vacancies (AP2Y)
Job Shortage: (Job Demand - Job Supply) / Job Demand
Unemployment Rate (MGSX).