Employment

when the economy is in the trough of the business cycle. If cyclical unemployment range stretches for an extended period, it may cause irreparable damage to the savvy force in the country. (II) Structural Unemployment It is a well-known feature that everyday new products are being launched in the market. As a result, the demand for certain goods and services too changes. This leads to increment in unemployment rate in certain welkins of the economy and creates jobs in yet early(a)s. Under these circumstances, re employment may be possible if the worker relocates or migrates to other sectors (in demand). (III) Agricultural Activities It has in like manner been observed that if there are undulations in the agricultural sector (due to factors like low production, drought, famine or natural disaster), the effects are felt in agribusiness. This may likewise be regarded as wiz of the factors in unemployment. (IV) thorny Core Unemployment Hard core unemployment usually results when a worker is disabled and is not in a position to work. The worker may withal give up his job after a a couple of(prenominal) days due to dissatisfaction with the wage. Unemployment at any given spot of time may be either due to one of the factors mentioned above or a combination of several factors (mentioned above).

It has also been observed that if the industry market in the economy does not work in an optimum manner, it leads to unemployment. There are other factors, which point at the tempo of an economic activity in a region. Measures For Reducing Unemployment Rate Framing economic policies, improving labor mobility, assisting in developing enhanced work habits are virtually of the measures, which may be taken to deal with unemployment. Extending unemployment insurance benefits is also a means of rendering financial protection to the unemployed. This arrangement was first introduced during the period of Great Depression (1930s). Macro scotch Stabilization Policy In order to cater to the needs of the unemployed, the governance has... If you want to get a full essay, order it on our website: Orderessay

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