How will you explain The term unemployment?
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Unemployment is a phenomenon that occurs when a person who is actively searching for employment is unable to find work. ... The most frequently measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force.
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Unemployment is a situation in which people who are able and willing to work at the going wages cannot find jobs. An individual is termed as unemployed if he or she is part of the workforce of a country, and is capable and willing to work for payment, but is unable to do so.
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