What Is Unemployment Essay

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Introduction What Is Unemployment? Unemployment occurs when a person who is actively searching for employment ( a job) is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently cited measure of unemployment is the unemployment rate. This is the number of unemployed persons divided by the number of people in the labor force. Unemployment is defined as when a person is not employed, does not have a job and is actively seeking work, or the inability of Labor Force participants to find jobs. Unemployment is a serious macroeconomic issue that affects almost all countries and all people either directly or indirectly. Unemployment is a phenomenon that happens in almost every economy and it
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