Question

Open unemployment and disguised unemployment. Write any five features of it.

Answer 1

Disguised unemployment

1- woman cannot find job after maternity leave and decides to become stay at home parent.
2- New graduate cannot find job but doesn’t count as unemployed because there is no first job to count as employed in the first place.
3- The contractor who hasn’t had a contract in six months.
4- Involuntary early retirement to get money of some sort coming.
5- In50-something cannot find work after a year and moves to Social Security disability (several million did this under Obama after unemployment was extended and Social Security disability relaxed).

Underemployment - either working part time when you need full time work or working well below your skillset and pay grade.

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