• According to the definition by the International Labour Organisation (ILO) 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.

Definitions:

• Unemployed are individuals between 16-66 years registered as unemployed in the Faroese unemployment system and/or the social services who meet the definition.
• Affected by unemployment: The number of people who have been unemployed for one or more days in a month.
• Full-time unemployment: Since not everyone is unemployed every day of a given month, all individuals affected by unemployment are converted to full-time unemployed. For example, two persons who have been unemployed for half a month each are counted as one full-time unemployed person.
• Unemployment rate: The full-time unemployment rate in % relative to the size of the labour force.

See also Unemployment.