what is unemployment
Answers
Answer:
Unemployment, according to the OECD, 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.
Answer:
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.
Explanation:
There are four main types of unemployment in an economy—frictional, structural, cyclical, and seasonal—and each has a different cause.
Frictional unemployment. ...
Structural unemployment. ...
Cyclical unemployment. ...
Seasonal unemployment