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Page 1 UNEMPLOYMENT Page 2 UNEMPLOYMENT Definition of 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. ? The most frequent measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force. Page 3 UNEMPLOYMENT Definition of 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. ? The most frequent measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force. Measurement ? Economists typically focus on the unemployment rate. The unemployment rate is expressed as a percentage, and is calculated as follows: ? Unemployment rate=unemployed worker/total labor force*1oo ? As defined by the International labor organization, "unemployed workers" are those who are currently not working but are willing and are able to work for pay, currently available to work, and actively searching for work. Page 4 UNEMPLOYMENT Definition of 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. ? The most frequent measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force. Measurement ? Economists typically focus on the unemployment rate. The unemployment rate is expressed as a percentage, and is calculated as follows: ? Unemployment rate=unemployed worker/total labor force*1oo ? As defined by the International labor organization, "unemployed workers" are those who are currently not working but are willing and are able to work for pay, currently available to work, and actively searching for work. Unemployment Rate Since 1960 Page 5 UNEMPLOYMENT Definition of 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. ? The most frequent measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force. Measurement ? Economists typically focus on the unemployment rate. The unemployment rate is expressed as a percentage, and is calculated as follows: ? Unemployment rate=unemployed worker/total labor force*1oo ? As defined by the International labor organization, "unemployed workers" are those who are currently not working but are willing and are able to work for pay, currently available to work, and actively searching for work. Unemployment Rate Since 1960Read More
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Oct 05, 2025
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Document Description: Unemployment for B Com 2025 is part of Macro Economics preparation.
The notes and questions for Unemployment have been prepared according to the B Com exam syllabus. Information about Unemployment covers topics
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Introduction of Unemployment in English is available as part of our Macro Economics
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