54 The Economy
Chart 10
Chart 11
Unemployment and underemployment rates
Per cent
10
9
8
ра
7
LO
6
5
4
3
2
1
0
Seasonally adjusted unemployment rate
Underemployment rate
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2003
2004
2005 1
2006 I 2007
Backed by the sustained economic upturn, labour market conditions continued to improve in 2007.
Total labour force and total employment
(year-on-year rate of change)
Per cent
4
3
2
1
0
-1
-2
-3
Total employment
Total labour force
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2003
2004
2005
2006
2007
Employment continued to grow faster than the labour force throughout 2007.