UNEMPLOYMENT
Unemployment
Unemployment occurs when people are without work and actively seeking work. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate. According to International Labour Organization report, more than 197 million people globally are out of work or 6% of the world's workforce were without a job in 2012.The above text is a snippet from Wikipedia: Unemployment
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unemployment
Noun
- The state of having no job; joblessness.
- Unemployment made Jack depressed.
- The phenomenon of joblessness in an economy.
- Unemployment has been considered a cause of crime.
- The level of joblessness in an economy, often measured as a percentage of the workforce.
- Unemployment was reported at 5.2% in May, up from 4.9% in April.
- A type of joblessness due to a particular economic mechanism.
- All unemployments, seasonal, frictional, cyclical, classical, whatever, mean that you're out of work.
- An instance or period of joblessness.
- Until them his life had consisted of low-paying jobs, numberous unemployments, and drug use.
The above text is a snippet from Wiktionary: unemployment
and as such is available under the Creative Commons Attribution/Share-Alike License.