Labour market slack in Q2 2021

In the EU, the unmet demand for employment, the labour market slack, amounted to 14.5 % of the extended labour force (aged 15-74 years) in the second quarter of 2021. 

A major component of the labour market slack is unemployment. In the second quarter of 2021, unemployed people accounted for almost half of the labour market slack (7.0 % of the extended labour force in the EU). The remaining groups making up the labour market slack were: ‘persons available to work but not seeking employment’ (3.8 % of the extended labour force), ‘underemployed part-time workers’ (2.9 %) and ‘persons seeking work but not immediately available’ (0.8 %).

For more information:

  • Luxembourg: data on ‘underemployed part-time workers’ not available. Bulgaria, Estonia, Croatia, and Slovakia: data on ‘underemployed part-time workers’ with low reliability. Malta: data on ‘available but not seeking’ not available due to very low reliability. Malta, Slovakia and Iceland: data on ‘seeking but not available’ not available due to very low reliability. Estonia, Croatia, Slovenia and Romania: data on ‘seeking but not available’ with low reliability.
  • The “extended labour force” is made of employed people (including namely the underemployed part-time workers), unemployed people as well as people available to work but not seeking employment, and people seeking employment but not available to work.
  • This article uses quarterly and seasonally adjusted Labour Force Survey (LFS) data.
  • Eurostat Statistics Explained article on the EU labour market slack
  • Eurostat website section dedicated to the EU Labour Force Survey
  • Eurostat database of EU Labour Force Survey

www.ec.europa.eu/eurostat/