What are the various types of unemployment?
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Types of unemployment:
- Open unemployment refers to that situation wherein although the worker is willing to work and has the necessary ability to work yet he does not get the work. He remains unemployed for full time and fails to get any work, casual or full time.
- Structural Unemployment. This type of unemployment occurs due to structural changes in the economy like change in technology, change in the pattern of demand etc.
- Disguised unemployment is typical of Indian agriculture where more people are working on a piece of farm than are required. They do not contribute to productive work and when withdrawn, do not result in a fall in output.
- Seasonal unemployment is found primarily in agriculture sector where people do not get work for all the months in the year due to the seasonal character of agriculture. During this time, they may move to urban areas in search of casual employment
- Cyclical unemployment is caused due to periodic rise and fall in trade cycle patterns of an economy, like boom, depression, recovery etc.
- Frictional unemployment occurs due to the mobility of labour across different occupations. The productive period lost in between one job to another is termed as a period of frictional unemploymen.
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