Question

what is unemployment​

Answer 1

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 2

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Unemployment exists when a person, 15 to 59 years of age, is willing to work at acceptable wages, cannot find a job. Such a person is called an unemployed person. The unemployment faced by people who are matriculates, graduates or post-graduates is called educated unemployment.