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The Bell-Blanchflower Underemployment Index - Young, black unemployed v underemployed

Here are the latest data from the Bell-Blanchflower underemployment index from the 1st quarter 2014 Labour Force Survey. It is shown alongside the conventionally measured unemployment rate. Both series are seasonally adjusted.

The underemployment index measures the excess supply of hours in the economy. It adds together (i) the hours that the unemployed would work if they could find a job and (ii) the change in hours that those already in work would prefer to form a total measure of surplus hours. This is then expressed as a percentage of the sum of hours worked and surplus hours to give the underemployment rate.

The BellBlanchflower data will be published each quarter by The Work Foundation. It is developed by Professor David N.F. Bell and Professor David G. Blanchflower.

See Unemployment v underemployment figures here

Read the latest related blog here

Key: UDR = underemployment rate and UNR = unemployment rate

                          BlackY UNR  BlackY UDR

2001     q2          20.35          29.61

2001     q3          23.92          32.20

2001     q4          25.86          28.54

2002     q1          27.24          36.42

2002     q2          24.59          34.65

2002     q3          34.72          47.35

2002     q4          32.82          41.85

2003     q1          35.29          40.93

2003     q2          28.76          33.75

2003     q3          24.87          32.66

2003     q4          22.79          26.10     

2004     q1          29.57          35.68

2004     q2          30.17          35.44

2004     q3          34.75          43.94

2004     q4          30.25          34.66

2005     q1          25.05          30.36

2005     q2          30.60          35.04

2005     q3          32.04          42.34

2005     q4          29.60          33.64

2006     q1          28.39          33.46

2006     q2          31.85          38.15

2006     q3          33.18          42.12

2006     q4          32.20          39.60

2007     q1          34.05          41.17

2007     q2          35.54          41.76     

2007     q3          32.93          41.84

2007     q4          28.97          39.59

2008     q1          36.41          43.59

2008     q2          35.13          47.80

2008     q3          28.13          42.55

2008     q4          29.78          36.36

2009     q1          29.13          39.78

2009     q2          30.87          44.59

2009     q3          44.58          55.09

2009     q4          46.61          55.20

2010     q1          39.26          54.06

2010     q2          43.69          59.15

2010     q3          31.20          55.82

2010     q4          42.21          55.90

2011     q1          42.44          55.97

2011     q2          39.76          49.76

2011     q3          46.05          53.92

2011     q4          47.56          57.02

2012     q1          45.53          53.24

2012     q2          44.67          50.37

2012     q3          40.39          51.00

2012     q4          44.84          52.40

2013     q1          43.60          57.76

2013     q2          46.57          54.42

2013     q3          45.99          55.98

2013     q4          40.81          49.37

2014     q1           41.36          46.24


2014     q2          37.32          47.00

2014     q3          30.34          44.48