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Unemployment rate = Number of unemployed persons × 100
(%) Labour force
Underemployed population is employed person who work less than 35
hours, are willing and ready to work to work additional hours, in the reference
week.
In which:
Willing to work additional hours, means that (i) they want to do extra
work to increase overtime; (ii) they want to replace one of the current work
being engaged in by another to be able to work overtime; (iii) they want to
increase overtime for one of the existing work, or a combination of the three
expectation above;
Ready to work additional hours means that in the reference time (a week)
if there are job opportunities, they are willing to work additional hours
immediately;
Work less than 35 hours, means that they have worked less than 35 hours
during the reference week for all work done.
Underemployment rate is the indicator expressing the rate between the
number of underemployed persons and the employed person.
Formula:
Underemployment rate = Number of under-employed persons × 100
(%) Total number of employed persons
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