Meaning of unemployment

unemplyment

1. Meaning of unemployment

2. meaning Unemployment is a challenge which is generally found in every economy whether developed or less developed. Unemployment refers to a situation where all those who are able and willing to work could not fInd any work.

3. DEFINITION Unemployment means involuntary idleness of individuals. It means wastage of valuable services of human resources of the economy.

4. Types of unemployment

5. Rural unemployment Degree of unemployment in rural areas is more pronounced in rural areas than urban areas. Working in this sector causes two types of unemployment:- DISGUISED UNEMPLOYMENT SEASONAL UNEMPLOYMENT

6. Urban unemployment Data on urban unemployment can be easily obtained from the employment exchanges. Millions of people in urban areas are suffering from unemployment. there are two types of urban unemployment as follows:- Industrial unemployment Educated unemployment

7. Open unemployment It refers to the unemployment in which people are able and willing to work but could not find any. they are ready to work at the existing wage rate but there are no jobs.