Question

What are the causes of unemployment mention any phone impact of unemployment

Answer 1

People can be unemployed for many reasons:

They quit their position and are looking for a new one.

They were laid off due to lack of work and haven't yet been rehired.

Their company reduced the work force, and they are seeking a new position. This can be due to a local condition, when the company closes a plant or division, or a national condition, when the economy slows and many companies reduce their work force.

They have recently returned to the work force - perhaps from pregnancy or attending school - and haven't yet located a position.

The need for their skill set has gone down, and there are limited positions available, which may lead to unemployment until they train for a new position.

Technology has reduced the need for their type of position.

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