what is unemployment explain its types
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There are three main types of unemployment: cyclical, frictional and structural. Cyclical unemployment occurs because of the ups and downs of the economy over time. ... Seasonal unemployment is a type of structural unemployment that happens when the structure of the economy changes from month to month.
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What is unemployment?
Unemployment,according organisation for economic c-operation and development,is a person above a specified age not being in paid.
Types of unemployment:-
Seasonal unemployment:-This type of employment is more prevalent in rural areas.ex:-farming cycle is seasonal based.
Educated unemployment:-The problem of unemployment among the educated youth.ex:-graduates or post graduates.
Hidden unemployment:-unemployment of workers that is not reflected.
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