Question

(6) State the meaning of unemployment
and discuss its types.​

Answer 1

Unemployment is a term referring to individuals who are employable and actively seeking a job but are unable to find a job. ... Usually measured by the unemployment rate, which is dividing the number of unemployed people by the total number of people in the workforce, unemployment serves as one of the indicators.

There are four main types of unemployment in an economy—frictional, structural, cyclical, and seasonal—and each has a different cause. Frictional unemployment. Frictional unemployment is caused by temporary transitions in workers' lives, such as when a worker moves to a new city and has to find a new job.

Answer 2

Unemployment is a situation when a person actively searches for a job and is unable to find work. Types of unemployment are as follows :

• Disguised Unemployment: This is a type of unemployment where people employed are more than actually needed. Disguised unemployment is generally traced in unorganised sectors or the agricultural sectors.
• Disguised Unemployment: This is a type of unemployment where people employed are more than actually needed. Disguised unemployment is generally traced in unorganised sectors or the agricultural sectors.Structural Unemployment: This unemployment arises when there is a mismatch between the worker’s skills and availability of jobs in the market. Many people in India do not get job matching to their skills or due to lack of required skills they do not get jobs and because of poor education level, it becomes important to provide them related training.
• Disguised Unemployment: This is a type of unemployment where people employed are more than actually needed. Disguised unemployment is generally traced in unorganised sectors or the agricultural sectors.Structural Unemployment: This unemployment arises when there is a mismatch between the worker’s skills and availability of jobs in the market. Many people in India do not get job matching to their skills or due to lack of required skills they do not get jobs and because of poor education level, it becomes important to provide them related training. Seasonal Unemployment: That situation of unemployment when people do not have work during certain seasons of the year such as labourers in India rarely have occupation throughout the year.