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Statistics glossary
- ULCM
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Unit labour costs in the manufacturing sector. See unit labour costs
- ULCT
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Unit labour costs in the total economy. See unit labour costs
- unemployed
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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
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The number of unemployed persons as a percentage of the labour force.
- unit labour costs
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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.