Unemployment – Nature, Challenges and Policy Responses – is a new book that investigates the various dimensions of unemployment in different countries. The book is available online here: https://www.intechopen.com/books/1002385

My chapter – Better Measures of the Labor Market for the Future of Work – is available here: https://www.intechopen.com/chapters/1124950

Abstract –

The world of work has changed dramatically over recent decades, but the unemployment rate continues to be a core measure of how well or badly an economy and its labor force are doing. This chapter examines how in the emerging labor market—the future of work—the measure of unemployment is increasingly compromised. As so much employment fails to deliver ongoing security and adequate income, unemployment of itself is not a sufficient indicator of the health of the economy and its workforce. The chapter argues that there is a need for better measures of what constitutes labor market status including security and income. To be considered, in some countries, unemployment is low, but many jobs are insecure and poorly paid. In others, it may be high, but jobs are highly protected and hard to obtain, especially for some groups such as young people or older people.