ENG-1996 — Page 96

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Chart 9(a)

Percent

5.0

4.0

3.0

2.0

1.0

0

-1.0

-2.0

THE ECONOMY

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

Labour force

Total employment

1992

1993

1994

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

1991

1995

1996

The growth in total employment outpaced that in labour supply particularly in the latter part of 1996.

Chart 9(b)

Unemployment and underemployment rates

Percent

4.0

3.5

3.0

2.5

Seasonally adjusted unemployment rate

2.0

1.5

1.0

0.5

مة

Underemployment rate

0

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

1991

1992

1993

1994

1995

The labour market improved during 1996, following the easing in 1995.

1996