Question

how will you explain the term of unemployment?????Answer only 3 or 4 lines........​

Answer 1

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Explanation:

Unemployment is a situation when someone of working age is not able to get a job, but would like to be in full-time employment. People who are of age 16-60 yrs can be considered unemployed if they have no job.

Answer 2

Explanation:

Unemployment occurs when a person who is actively searching for employment is unable to find work. 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.

There are three main types of unemployment: cyclical, frictional and structural. Frictional unemployment occurs because of the normal turnover in the labor market and the time it takes for workers to find new jobs. Structural unemployment occurs because of an absence of demand for a certain type of worker.

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