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Labour underutilisation: behind the unemployment figures

The increase in the labour ‘underutilisation rate’ over the past eighteen months has outpaced that in the unemployment rate. ‘While typically labour underutilisation is much higher for those aged 15-24 compared to those 25 and above, and it increases sharply during eithe recessions or slowdowns, recently it has risen noticeably.’  (See Tim Robinson, The Conversation, 19.9.14).

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