TYPES OF UNEMPLOYMENTS

Unemployment is a situation where people is no job and are actively seeking job opportunities. Unemployment is depended by several factors.

Basically unemployment is nine types there are
1. Structural Unemployment                                                                              
2. Seasonal Unemployment                                                                          
3. Cyclical Unemployment                                                                          
4. Frictional Unemployment
5. Natural Unemployment
6. Long-term Unemployment
7. Real Unemployment
8. Classical Unemployment
9. Underemployment                                                                          


There are three main types of Unemployment: Structural, Cyclical, Frictional

1.Structural Unemployment :-

                                                              Structural Unemployment Occurs because of a mismatch of your skills and your salary. your skills are high but your salary was very low is called structural Unemployment.

2. Cyclical Unemployment:-

                                                          Cyclical Unemployment is a factor of overall unemployment that relates to the trends in growth and production that occurs with the business cycle.

3. Fractional Unemployment:-

                                                            Fractional unemployment is the time period between jobs when a worker searching or transitioning from one job to another job.

4. Seasonal Unemployment:-

                                                         Seasonal unemployment there are job opportunities only during certain season and when the season ends, the job ends to.

5. Natural Unemployment:-

                                                      There is always be some level of unemployment, even in a healthy economy.

6. Long-Term Unemployment:-

                                                      Long-term unemployment is when workers are jobless for 27 weeks or more.       

                                                   

7. Real Unemployment:-

                                                Real Unemployment is not one of the types unemployment, but it's term you need to understand. many people argue that instead of the official unemployment rate, we should use an alternate rate calculated by the Bureau of Labor Statistics (BLS).

8. Classical Unemployment:-

                                                        classical unemployment occurs when real wages are kept above market clearing wage rate, leading to surplus of labor supplied.  

9. Underemployment:-

                                            underemployed workers have jobs, but they aren't working to their full capacity or skill level.