The table below contains more information regarding the indicator.
Goal |
Goal 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all |
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Target |
Target 8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value |
Indicator |
Indicator 8.5.2: Unemployment rate, by sex, age and persons with disabilities |
Definition and concepts |
The unemployment rate is the number of unemployed persons expressed as a percentage of the labour force. |
Comment and limitations | |
Method of computation |
Data were readily available to report on this indicator as specified by the metadata. Please refer to the sources to access additional information on the metadata or source. |
Progress measurement details |
The progress of this indicator is measured against a target unemployment rate of 3%, which represents an assumed natural rate of unemployment. Progress is not measured below this threshold, as extremely low unemployment can lead to complex negative consequences, such as rising inflationary pressures and labour market imbalances. |