Question

How will you explain issue of unployment

Answer 1

Answer:

Unemployment

REVIEWED BY JIM CHAPPELOW Updated May 24, 2019

What is Unemployment?

Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequent measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force.

KEY TAKEAWAYS

Unemployment occurs when workers who want to work are unable to find jobs, which means lower economic output, while still requiring subsistence.

High rates of unemployment are a signal of economic distress, but extremely low rates of unemployment may signal an overheated economy.

Unemployment can be classified