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Meaning of “hidden unemployment” in the English Dictionary

"hidden unemployment" in Business English

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hidden unemploymentnoun [U]

uk   us   ECONOMICS
the ​number of ​people who do not have ​work but who are not counted in ​governmentreports, for ​example, ​people who have ​stopped looking for a ​job and ​people who ​work less than they want to: Hidden ​employmentmeans a ​realunemploymentrate of nearly 19%.
(Definition of hidden unemployment from the Cambridge Business English Dictionary © Cambridge University Press)
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