Adequacy of unemployment benefits and ALMP (% of total welfare of beneficiary households)

This indicator evaluates the financial support provided to individuals engaged in unemployment benefits and active labor market programs by assessing the total monetary assistance received in relation to their overall economic wellbeing. Welfare is quantified as the combined income and expenses of beneficiary households, capturing a comprehensive view of their financial situation. The spectrum of support includes not only traditional unemployment compensation and severance pay but also a diverse array of services such as vocational training, job placement assistance, and innovative employment schemes designed to foster inclusivity for marginalized groups, including individuals with disabilities. By encompassing both direct and indirect beneficiaries, this measure highlights the broader societal impact and effectiveness of interventions aimed at enhancing job security and easing transitions into sustainable employment. Source: