LU3: Combined rate of unemployment and potential labour force in APEC
APEC: LU3: Combined rate of unemployment and potential labour force was 6.57 in 2027. ▼ Falling
LU3: Combined rate of unemployment and potential labour force in APEC, 2004–2027
Source: International Labour Organization.
Analysis
APEC recorded 6.57 for lu3: combined rate of unemployment and potential labour force in 2027.
Compared with earlier readings it is down 0.3% on the previous year and down 7.8% over ten years.
Over the whole period, lu3: combined rate of unemployment and potential labour force in APEC peaked at 8.91 in 2009 and was at its lowest, 6.56, in 2023.
That places APEC 70th out of 87 groups with data for 2027, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
LU3: Combined rate of unemployment and potential labour force in APEC, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 8.7 | — |
| 2005 | 8.56 | -1.6% |
| 2006 | 8.28 | -3.3% |
| 2007 | 8.02 | -3.0% |
| 2008 | 8.23 | +2.5% |
| 2009 | 8.91 | +8.3% |
| 2010 | 8.58 | -3.7% |
| 2011 | 8.24 | -4.0% |
| 2012 | 7.95 | -3.5% |
| 2013 | 7.86 | -1.1% |
| 2014 | 7.63 | -2.9% |
| 2015 | 7.55 | -1.1% |
| 2016 | 7.39 | -2.2% |
| 2017 | 7.13 | -3.5% |
| 2018 | 6.9 | -3.2% |
| 2019 | 6.75 | -2.3% |
| 2020 | 8.44 | +25.1% |
| 2021 | 7.44 | -11.8% |
| 2022 | 6.94 | -6.7% |
| 2023 | 6.56 | -5.5% |
| 2024 | 6.57 | +0.2% |
| 2025 | 6.57 | -0.0% |
| 2026 | 6.59 | +0.4% |
| 2027 | 6.57 | -0.3% |
Biggest year-on-year movements
Years where LU3: Combined rate of unemployment and potential labour force in APEC changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +25.1% | 6.75 | 8.44 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.45 | 8.02 | 8.91 | 6 |
| 2010s | 7.6 | 6.75 | 8.58 | 10 |
| 2020s | 6.96 | 6.56 | 8.44 | 8 |
More work & labour data for APEC
- Persons outside the labour force (ILO modelled estimates) 906,140 (2027)
- Labour force (ILO modelled estimates) 1.60 million (2027)
- Labour force participation rate (ILO modelled estimates) 63.86 (2027)
- Unemployment rate (ILO modelled estimates) 3.87 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.54 % change on previous year (2027)
- Employment-to-population ratio (ILO modelled estimates) 61.39 (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.2228 % change on previous year (2027)
- Output per worker, GDP constant 2021 international $ at PPP 67,067 (2027)
- Labour dependency ratio 0.953 (2027)
- Output per worker, GDP constant 2015 US $ 41,946 (2027)
Frequently asked questions
- What is lu3: combined rate of unemployment and potential labour force in APEC?
- Lu3: combined rate of unemployment and potential labour force in APEC was 6.57 in 2027, according to International Labour Organization.
- What is the highest lu3: combined rate of unemployment and potential labour force recorded in APEC?
- The highest recorded value was 8.91 in 2009.
- What is the lowest lu3: combined rate of unemployment and potential labour force recorded in APEC?
- The lowest recorded value was 6.56 in 2023.
- How does APEC rank for lu3: combined rate of unemployment and potential labour force?
- APEC ranks 70th out of 87 groups with data for 2027.
- Is lu3: combined rate of unemployment and potential labour force rising or falling in APEC?
- Over the last ten years it is down 7.8%. The long-run trend across the full record is falling.
- Where does this APEC data come from?
- The figures come from International Labour Organization, published as part of LU3: Combined rate of unemployment and potential labour force (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. This series is based on the 13th ICLS definitions. LU3 represents the share of the extended labour force that are in unemployment or the potential labour force. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.