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The unmet demand for employment (or labour market slack) amounted to 14.5% of the extended labour force (aged 15-74 years) in the EU during the second quarter of 2021, according to data published by Eurostat. Eurostat notes that a major component of the labour market slack is unemployment, which amounted for almost half of the labour market slack (7.0% of the extended labour force in the EU) during the second quarter of 2021. The remaining groups making up the labour market slack were: ‘persons …
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