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Statistics glossary

ULCM

Unit labour costs in the manufacturing sector. See

ULCT

Unit labour costs in the total economy. See

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.