Question

What is unemployment and what are its types ?

Answer 1

There are three main types ofunemployment: structural, frictional, and cyclical. ... Some economists define as many as six additional typesof unemployment, such as seasonal and classical. This article summarizes the nine types of unemployment, including explanations of the terms 'real unemployment' and 'underemployment.'Jan

Answer 2

Unemployment is a phenomenon that occurs when a person who is actively searching for employment is unable to find work. ... The most frequently measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force.

Types of Unemployment

Below are the types of unemployment

1-Normal, Transitional Unemployment

2 - Casual and Seasonal Unemployment

3 - Frictional Unemployment

4-Structural Unemployment

5-Cyclical Unemployment