I want to add that "actual employment rate" or labor market participation rate is also a grossly misleading figure. For example America had it's highest labor

I want to add that "actual employment rate" or labor market participation rate is also a grossly misleading figure. For example America had it's highest labor market participation rate in 2000 - during the great recession. Also, Indonesia has a much higher participation rate than America and most Western countries, even though the job market there is likely not as good as Europe or America. Russia is above Germany despite the fact that any reasonable person would choose to job hunt in Germany over Russia. Unemployment does actually seem to be the better metric