What is Unemployed ?

‘Unemployed’ refers to the state of living without any kind of job or remuneration where the individual is an adult and they may or may not be available for work.

Unemployment is usually measured as the unemployment rate which is the percentage of people who are unemployed to the populace of a location who are in the working age bracket who are available for work.

Unemployment might happen due to any of the following factors:
Invention of new technologies making workers obsolete.
The economic status of the location, for example, recession.
Competition with other cheaper labourers due to globalization
Government policies
Job market regulations

More HR Terms

Casual employee

What is a Casual employee?   ‘Casual Employee’ is an employee who has a casual relationship with the company. Such an employee is hired to

Wrongful Dismissal / Wrongful Termination

What is Wrongful Dismissal / Wrongful Termination?   ‘‘Wrongful Dismissal’ or ‘Wrongful Termination’ refers to the unethical practice of terminating an individual’s employment citing any

Exit Interview

What is Exit Interview?   ‘Exit Interview’ refers to the interview conducted by a company when an employee leaves the organization. It helps the company

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