Explain what is meant by the term of unemployment?

Answer 1

In the USA, it is the status of a worker who is available and interested in working this week, who has no employer or pay this week.

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That definition excludes folks not seeking employment (retired, incapacitated, imprisoned, active military, children), and excludes folks working part time who want full-time work. Working and paid is never unemployed. Not looking for work is never unemployed.

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Unemployment is the state of an individual who is able and willing to take work, but cannot find it or has not been hired.

Answer 2

A situation in which a section of the people, who are able and willing to work, but do not find gainful work is referred to as 'unemployment'. Such a situation is often found in developing countries as compared to developed countries.

Answer 3

It is the number of people, of working age, who wish to work but do not have a job.

The measurement of unemployment raises many issues. For example, home-makers, people moving jobs, apprentices.

Answer 4

Unemployment refers to the state of being without a job despite actively seeking work. It is a key economic indicator that signifies the underutilization of labor resources within an economy. Unemployment can have significant social and economic consequences, such as loss of income, reduced consumer spending, and negative impacts on mental health and well-being.

Answer 5

Unemployment is the term used when people do not have a job. Unemployment has been going up in this country for a few years.