ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The state of being without any work yet looking for work is called unemployment. Economists distinguish between various overlapping types of and theories of unemployment, including cyclical or Keynesian unemployment, frictional unemployment, structural unemployment and classical unemployment.

Detailed explanation-2: -Unemployment is the state of not having a paid job-of being unemployed. Unemployment is also commonly used in the context of economics to mean the total number of people unemployed, such as in a country, as in Unemployment is down this quarter, with thousands of new jobs having been created.

Detailed explanation-3: -Generally, any person who is not gainfully employed in any productive activity is called unemployed. Unemployment may be frictional unemployment, structural unemployment, cyclical unemployment, and voluntary and involuntary unemployment.

Detailed explanation-4: -OTHER WORDS FOR unemployed 1 unoccupied, idle, at liberty, jobless.

Detailed explanation-5: -People with jobs are employed. People who are jobless, looking for a job, and available for work are unemployed. The labor force is made up of the employed and the unemployed.