Question

what is unemployment

Answer 1

The term unemployment refers to a situation when a person who is actively searching for employment is unable to find work. Unemployment is considered to be a key 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. Many governments offer unemployment insurance to certain unemployed individuals who meet eligibility requirements.

Answer 2

Definition of Unemployment

Explanation:

• Unemployment refers to an economic situation where people with skills and required educational qualifications are trying to find jobs but are unable to do so.
• Unemployment is one of the major indicators of the economic growth of any nation. It is also one of the problems and acts as a hindrance to the development of any nation.
• India is currently fighting the problem of unemployment as there is a huge difference between the demand and supply of jobs in the economy.