ENG-1995 — Page 88

THE ECONOMY

Labour force and the employed population (year-on-year growth rate)

Percent

5.0

4.0

3.0

Labour force

2.0

1.0

0

-1.0

Total employment

1

[ ]

-2.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

1990

I

1995

1991

1992

1993

1994

Total employment continued to show notable growth in 1995, but was outstripped by an even stronger growth in labour supply.

Unemployment and underemployment rates

Percent

4.0

3.5

זי

3.0

23

2.5

2.0

1.5

1.0

0.5

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 Q1 Q2 Q3 Q4

1990

1991

1992

1993

1994

The labour market was on an easing trend from the beginning of 1995.

1995

||

59