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Statistics glossary

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U

ULCM
Unit labour costs in the manufacturing sector. See
unit labour costs
ULCT
Unit labour costs in the total economy. See
unit labour costs
unemployed
Any person, according to the EU definition, aged 15 to 74 who is (i) without work during the reference week, (ii) currently available for work and (iii) actively seeking work.
unemployment rate
The number of unemployed persons as a percentage of the labour force.
unit labour costs
Total labour costs per unit of output calculated for the euro area as the ratio of total compensation per employee to GDP at constant prices per person employed.