ENG-2007 — Page 94

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.