Hidden unemployment

Updated: Aug 20, 2021

Unemployment of potential workers that is not captured in official unemployment statistics. Many countries count as unemployed only those without work who are actively looking for work. Potential workers who have abandoned the search for work, taken early retirement as an alternative to unemployment, or chosen to register as out of work for medical reasons, are not officially unemployed.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.