Economy, asked by sneha4658, 1 year ago

Which unemployment is called long term unemployment?

Answers

Answered by Grewal007
1

Answer:

Long-term unemployment is when workers are jobless for 27 weeks or more. To be counted as such by the Bureau of Labor Statistics, they must have actively sought employment during the previous four weeks. That means the number of long-term unemployed is probably under-counted.

Explanation:

Answered by presentmoment
1

When an individual is without jobs for over 27 weeks it is known as the long term unemployment.  

Explanation:

  • Unemployment can be caused by a number of causes starting from personal to economic reasons.
  • When the economy of the country undergoes recession, it leads to low productivity and functioning of all the industries and the companies have no other way but to start job cuts.
  • Also, people leave jobs when they want to change their career trajectory or when they perform inadequately and leave.
  • If they remain unemployed for over 27 weeks that are considered as long unemployment.

Learn more about Unemployment:

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