Unemployment refers to the condition in which individuals who are capable of working, willing to work, and actively seeking employment are unable to find jobs. It is a key economic indicator that reflects the percentage of the labor force that is without employment but is actively seeking and available for work. Unemployment can result from various factors, including economic downturns, technological changes, lack of skills matching job requirements, and structural shifts in industries. High levels of unemployment can have significant social and economic consequences, such as reduced income, increased poverty, and adverse effects on mental health and well-being.
The term unemployment refers to a situation where a person actively searches for employment but is unable to find work. Unemployment is considered to be a key measure of the health of the economy. The most frequently used measure of unemployment is the unemployment rate.
hopeithelpsyou
2nd term in January 2024 and class 10 starting in February 2024
Answers & Comments
Answer:
Unemployment refers to the condition in which individuals who are capable of working, willing to work, and actively seeking employment are unable to find jobs. It is a key economic indicator that reflects the percentage of the labor force that is without employment but is actively seeking and available for work. Unemployment can result from various factors, including economic downturns, technological changes, lack of skills matching job requirements, and structural shifts in industries. High levels of unemployment can have significant social and economic consequences, such as reduced income, increased poverty, and adverse effects on mental health and well-being.
Verified answer
Answer:
The term unemployment refers to a situation where a person actively searches for employment but is unable to find work. Unemployment is considered to be a key measure of the health of the economy. The most frequently used measure of unemployment is the unemployment rate.
hope it helps you
2nd term in January 2024 and class 10 starting in February 2024