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Unemployment: Types and Rate
Unemployment: Types and Rate
Unemployment: Types and Rate
m
UNEMPLOYMENT
TYPES AND RATE
PREPARED BY---
AARTI .R. CHOUBAL
(3108)
NISHANT SHARMA
(3085)
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Unemployed :A person is said to be
´ unemployed " if he or she is looking for work,
is willing to work at the prevailing wage, but is
unable to find a job.
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Unemployment rate : The unemployment rate is a ratio,
obtained by dividing the number of unemployed persons by
the number of persons in the labor force.
India Unemployment rate
India > Economy
Unemployment rate: 7.8% (2006 est.)
rictional unemployment.
Cyclical unemployment.
Structural unemployment
m m
Suppose a person loses a job, perhaps because the
work is finished. This could happen to a construction
craftsman or craftswoman, for example, when the
construction job is finished; or it could happen to an
actor or actress when the show closes.