Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15)not being in paid employment or self-employment but currently available for work during the reference period.
Explanation:
Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed).[4]
Unemployment can have many sources, such as the following:
You have asked what is unemployment? Well it's a situation when you are willing to work but there is no work for you in the market.You must have heard recently that we are very close to defeatChina in terms of population, yes it's true but the population of our country is becoming more competitive everyday.
People have degree and some skills but still they are unemployed because of high competition for few jobs.India is growing rapidly in recent years and it will carry on it's journey in coming future too but the growth is a 'jobless growth'.So if we need to generate employment we must have to encourage manufacturing sector more than ever ,only than our youth will get a job.
Answers & Comments
Answer:
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15)not being in paid employment or self-employment but currently available for work during the reference period.
Explanation:
Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed).[4]
Unemployment can have many sources, such as the following:
...new technologies and inventions
...the status of the economy, which can be
...influenced by a recession
...competition caused by globalization and
...international trade
...policies of the government
...regulation and market
You have asked what is unemployment? Well it's a situation when you are willing to work but there is no work for you in the market.You must have heard recently that we are very close to defeat China in terms of population, yes it's true but the population of our country is becoming more competitive everyday.
People have degree and some skills but still they are unemployed because of high competition for few jobs.India is growing rapidly in recent years and it will carry on it's journey in coming future too but the growth is a 'jobless growth'.So if we need to generate employment we must have to encourage manufacturing sector more than ever ,only than our youth will get a job.