The US Dept. of Labor defines unemployment as the percent of the US workforce who have no employment this week and actively searched for work.
Underemployment is the vague concept of workers not employed in jobs for which their experience and education qualify them, because they can't fins such jobs at convenient places. The underemployed are employed, since they have jobs.
Seasonal unemployment exactly what it says.In other words the umemployment is seasonal.
Disguised unemployment does not mean totally unemployed.It means employment but,in this employment more people are employed in a job in which less people are required
UNDERemployment, compared to UNemployment, is when a person IS working, but at a job where the worker is over-qualified, but working at the job anyway. An extreme example would be a nuclear scientist working as a cab driver (and this has actually occurred in Las Vegas, Nevada. Underemployment also occurs when the worker is working less than full time, i.e. 20 hours a week instead of 40, When underemployed, under certain circumstances, where qualified, you may be eligible to receive partial unemployment benefits.
In open unemployment it is easy to recognize but in disguised unemployment its difficult to recognize. Open unemployment offers no wages but disguised employment offers salaries .Open unemployment is more harmful in industries and disguised unemploymentare more harmful to the nation.
open unemployment is a situation where people with the capability to work/to be employed are not employed and do not contribute to the nations productivity. It is easy to recognize opem unemployment. It does not offer any wages. It is harmful for the individuals' economy. Disguised unemployment is when people appear to be employed but their contributions towards the firm's output is very low and often negative. It is difficult to recognize disguised unemployment. It offers salaries/wages. It is harmful for the country's economy. One of the leading causes of low agricultural productivity in india.
Seasonal unemployment exactly what it says.In other words the umemployment is seasonal. Disguised unemployment does not mean totally unemployed.It means employment but,in this employment more people are employed in a job in which less people are required
The three types of unemployment found in India are structural unemployment, cyclical unemployment, and frictional unemployment. Structural unemployment refers to a mismatch between the skills possessed by job seekers and the requirements of available jobs. Cyclical unemployment occurs due to fluctuations in the economy, leading to reduced demand for labor. Frictional unemployment is a temporary phase when individuals are in-between jobs or searching for new employment opportunities.
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
Unemployment is where a person is not employed and is not making money by working. Employment is where a person works and makes money.
a depression is a particularly deep recession with high levels of unemployment
short term periods of unemployment between jobs
Frictional unemployment
The unemployment rate in Connecticut for 2012 fluctutated between 8.1% and 8.6%. The unemployment rate for the United States as a whole fluctuated between 7.8% and 8.3%.
If you are a full time employee (40 hours) and you cant work the full 40 hours due to weather, lack of work, your employer can give you a low slip to take to the unemployment office. Unemployment will pay the difference between the hours lost to total up to the 40 hours.
Every franchise contains a license. Many licenses, on the other hand, are really disguised, illegal franchises. It doesn't matter what terms are used to define the relationship. What is critical are the presence of certain key elements that will define the relationship.