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
Frictional unemployment
short term periods of unemployment between jobs
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.
Structural unemployment is caused by mismatches between the skills of workers and the requirements of available jobs, while frictional unemployment occurs when people are temporarily between jobs. Structural unemployment can lead to long-term unemployment and a decrease in overall productivity, while frictional unemployment is a natural part of a dynamic labor market. Both types of unemployment can impact the overall labor market by affecting wages, job availability, and economic growth.