What is unemployment? Write in short about seasonal unemployment?
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Unemployment, according to the OECD, if persons above a specified age not being in paid employment or self-employment but currently available for work during the reference period. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force.
The Seasonal Unemployment means the demand for a specific kind of work and workers change with the change in the season. ... It is a form of structural unemployment wherein the economy structure changes in accordance with the change in the season, and hence the demand for the manpower varies accordingly.
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