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What is Unemployment?

Unemployment is a term referring to individuals

who are employable and actively seeking a job but are unable to find a job.

Included in this group are those people in the workforce

who are working but do not have an appropriate job.

Usually measured by the unemployment rate,

which is dividing the number of unemployed people

by the total number of people in the workforce,

unemployment serves as one of the indicators of a country’s economic status.

The term “unemployment” is often misunderstood, it as it includes people

who are waiting to return to a job after being discharged,

yet it does not include individuals who have stopped looking for work in the past

due to various reasons such as leaving work to pursue

higher education, retirement, disability, and personal issues.

Also people who are not actively seeking a job

but do want to work are not classified as unemployed.