Question

explain the causes of unemployment

Answer 1

The causes of unemployment in high-income countries of the world can be categorized in two ways: either cyclical unemployment caused by the economy being in a recession, or the natural rate of unemployment caused by factors in labor markets, such as government regulations regarding hiring and starting businesses.

Answer 2

Explanation:

Unemployment happens when people who want to work can not find jobs, which means lower economic output while still needing livelihood. High unemployment rates are a sign of economic distress, but extremely low unemployment rates can indicate an overheated economy

Causes of unemployment are -

- Lack of qualification

- A geographical unemployment

- Real Wage unemployment.  

- Lack of graduate or entry level jobs.

- Frictional or the cyclical unemployment.  

- Cultural and the social factors.  

- An underground economy.