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The author is in the European I Department, and would like to thank the National Bank of Belgium and the Ministère de l’Emploi et du Travail for providing valuable data and insight. Helpful comments and suggestions by Marc Huybrechts, Paul Masson and Caroline Van Rijckeghem are gratefully acknowledged.
Defined as LF/PW=(E+U)/PW, where LF is the labor force, E employment, U unemployment and PW is the population of working age.
The non-employment rate is defined as:
where U is unemployment, E is employment and PW is population of working age.
See discussion of eligibility for unemployment benefits below.
Based on data provided by the Employment Ministry.