Correction to the September figures
A technical error occurred in relation to September revision of the compilation methods for unemployment statistics. This error resulted in 30-40 people who received welfare benefits from the social welfare service due to being unemployed being omitted from the statistics from June 2022 to September 2022. Statistics Faroe Islands apologises for this error.
Unemployment as a concept
Statistics Faroe Islands and other statistics agencies across the world use the definitions of unemployment given by the International Labour Organisation (ILO), which is a United Nations agency.
According to this definition, the unemployment rate reflects the proportion of the labour force that does not have a job, is available to the labour market and is actively looking for work.
In the monthly unemployment reports from Statistics Faroe Islands, unemployed people are defined as those who are registered as unemployed with the Faroese unemployment system and the social welfare services and who meet the above definition of unemployment.