Meaning of “hidden unemployment” in the English Dictionary

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"hidden unemployment" in Business English

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hidden unemploymentnoun [ U ]


the number of people who do not have work but who are not counted in government reports, for example, people who have stopped looking for a job and people who work less than they want to:

Hidden employment means a real unemployment rate of nearly 19%.

(Definition of “hidden unemployment” from the Cambridge Business English Dictionary © Cambridge University Press)