Unemployment is term we often come across, isn’t it? A situation in which the workers who are capable of working and willing to work do not get employment is referred as Unemployment. Defective investment system, lack of technological knowledge, defective system of education, rapid increase in population, inadequate development of agricultural sector, slow progress of economic development are some of the major causes of unemployment. The unemployment rate is calculated as the percentage of the labor force that is unemployed. Unemployment Rate= (Unemployed/Labor Force) *100. Open unemployment, disguised unemployment, seasonal unemployment, educated unemployment, technological unemployment, structural unemployment, underemployment casual unemployment, chronic unemployment are the common types of unemployment. Refer the engaging presentation for detailed information.

Prachi Garg

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