Question

What is unemployment? What is the role of unemployment?

Answer 1

Unemployment is a condition in which a person who is not currently doing work and comes under the working age population.

he or she is still look for work for last four week .

it is calculated in terms of unemployment rate.

unemployment rate is a ratio of number of unemployed people to the labour force .

Where labor force is the sum of employed and unemployed people.

1.unemployment major used to measure the health of an economy .

2.it is an indicator to show how the workers of an economy contributing anf productive towards the output in the economy.

Upto a certain level, unemployment is not very bad .

for example United states has limited the natural rate of unemployment upto 4% as healthy