Unemployment -

Unemployment exists when a person, 15 to 59 years of age, is willing to work at

acceptable wages, cannot find a job. Such a person is called an unemployed
person. The form of unemployment is different in rural and urban areas. In
villages, people face seasonal unemployment or disguised unemployment while in
large towns and cities, people face educated unemployment.

Seasonal unemployment occurs when people cannot find work for a few
months in a year. For example- There is less work in farms during rainy
season.
Disguised unemployment occurs when people appear to be employed, but
do not increase the productivity at their place of work.
For example, an agricultural field requires 9 laborers but people engaged in
the work are 12, then the unemployment for 3 laborers is called disguised
unemployment.
Why is unemployment unwanted?
 It wastes precious human resources, making people hopeless victims of
depression.
 Creates economic overload. This is a situation where a small
percentage of employed population supports a large percentage of
unemployed people.
 Deterioration in the health and quality of life.
 Parents unwillingly withdraw their children from school when they can’t
afford their education due to unemployment.
 Negatively impacts on the overall economy of a nation.