Harmonised Unemployment Rate

Harmonised Unemployment Rate - (noun)

Definition

According to the OECD, the harmonised unemployment rate defines ‘the unemployed as people of working age who are without work, are available for work, and have taken specific steps to find work.’

Extra

Source: Taken from data.oecd.org
Example of Use: Although the harmonised unemployment rates in Spain and Greece are still the highest in the EU, they have been falling since 2012.