What is unemployment?What are the different types of unemployment?

EduRev

All Courses

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

Class 9 Exam > Class 9 Questions > What is unemployment?What are the different t...

Join the Discussion on the App

What is unemployment?What are the different types of unemployment?

Join for Free

Join for Free

Verified Answer

What is unemployment?What are the different types of unemployment?

Unemployment:

Unemployment is a term referring to individuals who are employable and seeking a job but are unable to find a job. Furthermore, it is those people in the workforce or pool of people who are available for work that does not have a job. Usually measured by the unemployment rate, which is dividing the number of unemployed people by the total number of people in the workforce, unemployment serves as one of the indicators of an economy’s status.

Types of unemployment

1 Demand deficient unemployment

This is the biggest cause of unemployment that happens especially during a recession. When there is a reduction in the demand for the company’s products or services, they will most likely cut back too on their production, making it unnecessary to retain a wide workforce within the organization. In effect, workers are laid off.

2 Frictional unemployment

Frictional unemployment refers to workers who are in between jobs. An example is a worker who recently quit or was fired and is looking for a job in an economy that is not experiencing a recession. It is not an unhealthy thing because it is usually caused by workers looking for a job that is most suitable to their skills.

3 Structural unemployment

Structural unemployment happens when the skills set of a worker does not match the skills demands of the job available or if the worker cannot reach the geographical location of the job. An example is a teaching job that requires relocation to China, but the worker cannot secure a work visa due to certain visa restrictions. It can also happen when there is a technological change in the organization, such as workflow automation.

4 Voluntary unemployment

Voluntary unemployment happens when a worker decides to leave a job because it is no longer financially fulfilling. An example is a worker whose take-home pay is less than his cost of living.

This question is part of UPSC exam. View all Class 9 courses

View all answers Start learning for free

Explore Courses for Class 9 exam

Top Courses for Class 9View all

Science Class 9

Social Studies (SST) Class 9

Mathematics (Maths) Class 9

English Grammar Advanced

English Class 9

Top Courses for Class 9

View all

What is unemployment?What are the different types of unemployment?

Share with a Friend

Answer this doubt

Question Description
What is unemployment?What are the different types of unemployment? for Class 9 2024 is part of Class 9 preparation. The Question and answers have been prepared according to the Class 9 exam syllabus. Information about What is unemployment?What are the different types of unemployment? covers all topics & solutions for Class 9 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is unemployment?What are the different types of unemployment?.

Solutions for What is unemployment?What are the different types of unemployment? in English & in Hindi are available as part of our courses for Class 9. Download more important topics, notes, lectures and mock test series for Class 9 Exam by signing up for free.

Here you can find the meaning of What is unemployment?What are the different types of unemployment? defined & explained in the simplest way possible. Besides giving the explanation of What is unemployment?What are the different types of unemployment?, a detailed solution for What is unemployment?What are the different types of unemployment? has been provided alongside types of What is unemployment?What are the different types of unemployment? theory, EduRev gives you an ample number of questions to practice What is unemployment?What are the different types of unemployment? tests, examples and also practice Class 9 tests.

Explore Courses for Class 9 exam