what is unemployment? - letsdiskuss
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RIYA KUMARI

student | Posted | News-Current-Topics


what is unemployment?


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Content writer | Posted


Unemployment occurs when people who can work,wants to work are unable to find a suitable job.Those people who are working to fulfill their basic needs but do not have an appropriate job can also be included in the group of unemployment.It can effect not only individuals, but also the overall economy of a country.As the economy slows down, businesses and corporate are forced to cut costs by reducing the number of employees.Technology such as computers or robots, cause unemployment by replacing humans with machines. Long-term unemployment can lead to financial instability or poverty. When people are unemployed, they have less money to spend which in turn affect the economy.Lower consumer spending because of unemployment  reduces business revenue, which forces companies to cut down  employees to reduce their costs. This can become a circle of economic downfall.



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SEO Expert | Posted


What Is Unemployment? Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy.


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student | Posted


Unemployment is a state in which an individual above a certain age is not able to work or be self-employed to earn a living. This unemployment is measured in the form of the unemployment rate. Unemployment rate can be defined as the number of people who are currently unemployed to a percentage of the labour force. Unemployment can be because of the following reasons: 
  • Recession people in the economy.
  • New inventions and technologies which need proper training to understand and for application. 
  • Increased no of completion from multinational companies. 

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