Question

What is unemployment name and explain its various kinds

Answer 1

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

Answer 2

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.