What is unemployment name and explain its various kinds
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There are three main types of unemployment: structural, frictional, and cyclical. The first two make up the natural unemployment rate. The third rises when demand falls, usually during a recession. Some economists define as many as five additional typesof unemployment, such as seasonal and classical
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Unemployment or joblessness is the situation of actively looking for employment but not being currently employed. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force.
Natural Unemployment. Photo: rubberball/Getty Images. ...
Frictional Unemployment. (Photo: John Moore/Getty Images) ...
Structural Unemployment. ...
Cyclical Unemployment. ...
Long-Term Unemployment. ...
Real Unemployment. ...
Seasonal Unemployment. ...
Classical Unemployment.
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