Unemployment rate shows percentage of workers who can work but aren't employed. Global unemployment rate for 2021 was between 6.3-6.5%. Unemployment rate is a lagging indicator responding to economic conditions
60 million people could escape poverty with 2 more years of schooling. Education barriers include lack of teachers and transportation. Job training boosts job prospects by over 20%
Full employment means using all available labor resources efficiently. True full employment is impossible, but economists define various levels. Many economists consider 5% or lower unemployment as full employment
Vacancies come from Federal Employment Agency's job board. Most positions require academic or professional qualification. Most vacancies are listed in German. Excludes temporary work and seasonal positions
Monopsony is a market dominated by a single buyer. Unlike monopoly, which has one seller, monopsony controls demand. Monopsonists often supply most or all of a region's jobs
Renewable energy comes from natural resources replenished on human timescale. Solar, wind, hydropower, bioenergy, and geothermal are main types. Global renewable energy grew from 20% to 28% of electricity supply from 2011 to 2021. Renewables now account for 30% of global electricity generation