What is unemployment? Write the factors affecting unemployment

1.	What is unemployment? Write the factors affecting unemployment
Answer» Unemployment exists when a person, 15 to 59 years of age, is willing to work at acceptable wages, cannot find a job. Such a person is called an unemployed person.\xa0The form of unemployment is different in rural and urban areas. In villages, people face seasonal unemployment or disguised unemployment while in large towns and cities, people face educated unemployment.(i) Voluntary: Some of the unemployed have saved enough money so they can quit unfulfilling jobs. They have the luxury to search until they find just the right opportunity.(ii) The workers must move for unrelated reasons. They are unemployed until they find a position in the new town.(iii) When new workers enter the workforce. That includes students who graduate from high school, college or any higher degree program. They look for a job that fits their new skills and qualifications. That\'s a primary reason for youth unemployment.(iv) When job seekers re-enter the workforce. These are people who went through a\xa0period in their lives when they stopped looking for work. They could have stopped working to raise children, get married or care for elderly relatives. These four situations are\xa0an unavoidable part of the job search process. The good news is that frictional\xa0unemployment is\xa0usually voluntary and short-term.

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