ANALYSIS OF UNEMPLOYMENT USING FOUR-FACTOR MODEL
IN EUROPEAN UNION COUNTRIES

Ľubica Hurbánková – University of Economics in Bratislava, Dolnozemská cesta 1, 852 35 Bratislava, Slovak Republic

DOI: https://doi.org/10.31410/EMAN.2020.1

4th International Scientific Conference – EMAN 2020 – Economics and Management: How to Cope With Disrupted Times, Online/Virtual, September 3, 2020, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-30-1, ISSN 2683-4510

Abstract:

The paper deals with the analysis of unemployment in European Union countries on the basis
of data of the unemployment rate and the number of unemployed. The data are obtained from the
Eurostat website. The aim of the paper is to find out how the number of unemployed in individual EU
countries changed in 2018 compared to 2009, in which country the number of unemployed increased
the most, in which the least. Appropriate tools of economic statistics are used for the analysis. Based
on a four-factor model of the analysis of the number of unemployed, we find out how this indicator has
changed depending on the change in the unemployment rate, the economic activity rate, the share of the
working age population in the total population, and the total population.
The application of statistical method is implemented through the programme Microsoft Office Excel.

Keywords:

Unemployment rate, Number of unemployed, Four-factor model, European Union countries.

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