WHICH TYPES OF UNEMPLOYMENT ARE THERE IN YOUR COUNTRY???

WHICH TYPES OF UNEMPLOYMENT ARE THERE IN YOUR COUNTRY???

1.Voluntary Unemployment:It is not possible in any economy that all persons are compulsorily engaged in economic activities. Some persons may voluntarily choose not to undertake ant economic activity. Such persons remain unemployed by their own choice. Hence, when people do not work by choice, they are termed voluntary unemployed. Why do people prefer to remain voluntary unemployed?There may be various reasons for it.Some of the main reasons are as follows: 
*Some people are not prepared to work at current wage rate because they consider it a low wage rate.
*After a certain stage, some people prefer leisure to work.
*Some people may be in search of good job or the job according to their qualification and capacity.

2.Involuntary unemployment:Involuntary unemployment refers to the situation when workers are prepared to work at prevailing wage rate but jobs are not available to them due to the deficiencies of aggregate demand. If there is Involuntary unemployment in the economy it means there will be under-employment equilibrium in the economy.In the situation of Involuntary unemployment some people who are physically and mentally fit to work and also willing to work at the going wage rate do not get job and thus become unemployed.This kind of Involuntary unemployment is widely prevalent in the Indian economy.

 3.Cyclical and Secular Unemployment:The problem of unemployment especially in developed countries arises only when the demand for goods is reduced in the market. When demand falls, industries also reduce their production and as a result of it some labourers are relived from the jobs.Thus, in these countries, while they have do not produce.Unemployment originates from the reasons that they do not produce. And they do not produce because of the reasons that there is no demand in the market. Hence, as the demand for goods increases, they start production and employment also starts to increase. Thus, when unemployment originates due to lack of aggregate demand in the short period, it is termed Cyclical Unemployment. 

4.Structural Unemployment:We find fast changes in the nature of economic activities and demand patterns in an economy. It is possible that with the passage of time some economic activities may gain importance. With the changes in the demand patterns of goods makes change in the de4m,and patterns for labourer. As a result of it there may be demand for labour in a particular sector of region in the country.But in another sector or region people may be in search of job. This is the situation of  Structural Unemployment. Structural Unemployment originates due to changes in the dtructure of the economy in the form of change in the demand pattern for goods and labour.

5.Frictional Unemployment: