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Labour Tightness

Combines the unemployment rate, the job vacancy rate and the activity rate for one or more countries into a tightness assessment. The measure that carries the signal is the relation between vacancies and unemployment, not the unemployment rate on its own: four percent unemployment alongside a high vacancy rate means employers cannot find people, and the same four percent alongside a low vacancy rate means there are no jobs, and those are opposite situations that the headline rate reports…

POST https://stat.halowerk.com/v1/labour-tightness

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