| 6.4 Unemployment | |
| Why is it significant? | |
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Efficient labour markets and flexible workers are necessary for a successfully functioning economy. � |
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| How does the UK perform?� | |
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Comparisons of unemployment rates across the G7 show the UK has performed extremely well over the last few years
(chart 6.4.1), with the UK�s unemployment continuing to be well below the rate in other major European countries. The comparison of long-term unemployment
(chart 6.4.2) shows that the US and Canada have the lowest proportion of long-term unemployed. The UK performs well against the other major European countries.
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