To evaluate the current state of the Belgian economy, the FPB regularly updates a series of indicators. The indicators concern the macro-economic stance of the economies of Belgium, its three neighbouring countries and the euro area, as well as the transport industry.
Long term unemployment rate
% of active population aged 15-74, 3 year change in percentage points
Source: Eurostat, Macroeconomic Imbalances Procedure.
Description: The long-term unemployment rate is the number of persons unemployed for 12 months or longer as a percentage of the labour force (i.e. economically active population). The unemployment rate is the number of unemployed persons as a percentage of the labour force (the total number of people employed and unemployed) based on International Labour Office (ILO) definition. Unemployed persons comprise persons aged 15 to 74 who fulfil all the three following conditions: are without work during the reference week; are available to start work within the next two weeks and have been actively seeking work in the past four weeks or have already found a job to start within the next three months. This indicator is included in the Alert Mechanism Scoreboard with indicative threshold of 0.5 p.p.
Unit: 3 year change in percentage points