Types of Unemployment
Unemployment means when someone actively searches for work but is unsuccessful. T
unemployment that are explained in this article.
Unemployment is a major economic criterion for defining a nation’s economic health bec
(or incapability) of healthy, educated, and willing individuals to gain a livelihood.
This does not include people who are unable to work due to retirement, a disability, highe
In short, a higher unemployment rate indicates lesser economic growth and productivity.
Types of Unemployment
Unemployment can be caused by a number of reasons. A few important of them are-
Open Unemployment
Open unemployment occurs when a significant portion of the labor force is unable to fin
them with a stable source of income.
Reason: The labor force is growing Bigger than the pace of economic expansion. Therefo
employment.
Disguised Unemployment
In this case, more individuals are working than is truly necessary. Production is not harm
In other words, it refers to a situation in which there is an excess of labor and certain wo
output.
Reason: The main causes of disguised unemployment in India may be related to overcro
on by the country’s fast population increase and a lack of alternative employment opport
In India, it is mainly found in the agricultural and unorganized sectors.
Seasonal Unemployment
This type of unemployment happens at different times of the year. Production activities o
seasons in several sectors and professions, such as agriculture, holiday destinations, ice
Unemployment means when someone actively searches for work but is unsuccessful. T
unemployment that are explained in this article.
Unemployment is a major economic criterion for defining a nation’s economic health bec
(or incapability) of healthy, educated, and willing individuals to gain a livelihood.
This does not include people who are unable to work due to retirement, a disability, highe
In short, a higher unemployment rate indicates lesser economic growth and productivity.
Types of Unemployment
Unemployment can be caused by a number of reasons. A few important of them are-
Open Unemployment
Open unemployment occurs when a significant portion of the labor force is unable to fin
them with a stable source of income.
Reason: The labor force is growing Bigger than the pace of economic expansion. Therefo
employment.
Disguised Unemployment
In this case, more individuals are working than is truly necessary. Production is not harm
In other words, it refers to a situation in which there is an excess of labor and certain wo
output.
Reason: The main causes of disguised unemployment in India may be related to overcro
on by the country’s fast population increase and a lack of alternative employment opport
In India, it is mainly found in the agricultural and unorganized sectors.
Seasonal Unemployment
This type of unemployment happens at different times of the year. Production activities o
seasons in several sectors and professions, such as agriculture, holiday destinations, ice
