Types of Unemployment
Disguised Unemployment: It is a phenomenon wherein more people are employed than actually needed.
Seasonal Unemployment:
It is an unemployment that occurs during certain seasons of the year.
Structural Unemployment:
It is a category of unemployment arising from the mismatch between the jobs available in the market and the skills of the available workers in the market.
Cyclical Unemployment: Unemployment rises during recessions and declines with economic growth.
Technological Unemployment: It is the loss of jobs due to changes in technology.
Frictional Unemployment
Unemployment, refers to the time lag between the jobs when an individual is searching for a new job
Vulnerable Unemployment: people working informally, without proper job contracts
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