Types of Unemployment:-
There are basically 9 types of Unemployment:
- Structural Unemployment
- Frictional Unemployment
- Cyclic Unemployment
- Disguised Unemployment
- Educated Unemployment
- Open Unemployment
- Under Unemployment
- Voluntary Unemployment
- Natural Unemployment
- Structural Unemployment:
It is caused by structural changes like rapidly growing population, changes in capital investments , technology change etc, its a long run in Indian Economy.
- Frictional Unemployment:
It occurs when people change from one job to other and remain unemployed in the interval period; to avoid this people will resign the job after getting employed elsewhere.
- Cyclic Unemployment:
It occurs when a employee thrown out of job due to a recession in economy, this is also called demand deficiency unemployment root cause of this unemployment is lack of demand.
- Disguised Unemployment:
It is case where people are employed but their marginal product is zero, which means they are not adding productivity, this type of unemployment seen in Indian agriculture sector.
- Educated Unemployment:
Even if a person is skilled and trained and failed to obtain a job as per his qualification is called educated unemployment.
- Open Unemployment:
The labors live without any employment and don’t find any work to do is called open unemployment, it is seen when people migrated from rural to urban.
- Under Unemployment:
It refers to underutilization of manpower in terms of both time and skill, for example when a post graduated work as a clerk or office boy it is called under unemployment.
- Voluntary Unemployment:
Though the jobs are available people are not willing to work or rich enough or lazy.
- Natural Unemployment:
Unemployment ranging from 2% to 3% in the country is known as natural unemployment, it can’t be eliminated at all.
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