What do you mean by Unemployment? How seasonal
unemployment is different from the disguised
unemployment
Answers
Explanation:
Unemployment is persons above a specified age not being in paid employment or self-employment but currently available for work during the reference period. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force.
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Answer:
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.1
KEY TAKEAWAYS
Unemployment occurs when workers who want to work are unable to find jobs, which lowers economic output; however, they still require 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 as frictional, cyclical, structural, or institutional.
Unemployment data are collected and published by government agencies in a variety of ways.1
Explanation: