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IN
INDIA
UNEMPLOYMENT
Un employment is a
situation in which the
worker who are
capable of working
and willing to work
but does not get
Types
Frictional unemployment
Structural unemployment
Cyclical unemployment
Seasonal unemployment
Voluntary unemployment
Involuntary unemployment
Frictional unemployment
Structural unemployment
Structural
unemployment
arises when the
qualification arises when
the qualification of a
person is not enough to
meet his job responsibility.
It arises when the salary
offered to a person falls
Cyclical unemployment
Cyclical
Seasonal unemployment
Seasonal
unemployment
occurs when an
occupation is not in
demand at certain
seasons.
Voluntary
unemployment
It
Involuntary
unemployment
Involuntary
unemployment refers to an
unemployment in which all those people,
who are willing and able to work at the
existing wage rate, do not get work. Under
involuntary unemployment, people are
rendered unemployed against their wishes
or under compulsion. It must be noted that
only involuntary unemployment is
considered while estimating the total
unemployment in an economy.
Causes
Cost of unemployment
Unemployed
individuals are unable to earn
money to meet the financial
needs .failure to pay
installment.rent etc.
unemployment increases
chances of mal nutition
,illness,mental stress, and
INDIVIDUAL :
COST OF UNEMPLOYMENT
An economy with
high unemployment is not
using all the resources i.e.
labor ,available to it . Since it
is operating below its
production capability, it could
have a higher output if more
people are usefully employed.
SOCIETY:
MEASUREMENT
Unemployment rate = unemployed
worker / total labor force * 100
As defined by the international labor
organisation, 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 the
work.
Solution
A change in pattern of
investment
Encouragement to small
enterprises As against big
enterprises
Problem of choice of techniques
Encouragement of new growth
centers in small towns and rural
areas
Development of organised
sector
Employment in foreign
countries
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