Question

what is unemployment ?state it's types
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Answer 1

Answer:

There are basically four types of unemployment:

(1) demand deficient,

(2) frictional,

(3) structural,

(4) voluntary unemployment.

Answer 2

Answer:

Unemployment is a term referring to individuals who are employable and actively seeking a job but are unable to find a job. Included in this group are those people in the workforce who are working but do not have an appropriate job. Usually measured by the unemployment rate, which is dividing the number of unemployed people by the total number of people in the workforce, unemployment serves as one of the indicators of a country’s economic status.There are basically four types of unemployment: (1) demand deficient, (2) frictional, (3) structural, and (4) voluntary unemployment.