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Definition:  Unemployment is defined by the Bureau of Labor Statistics as people who do not have a job, have actively looked for work in the past four weeks, and are currently available for work. Also, people who were temporarily laid off and were waiting to be called back to that job are included in the unemployment statistics. Those who have not looked for work within the past four weeks are no longer counted among the unemployed. The BLS also removes them from the labor force. Most people leave the labor force when they retire, go to school, have a disability that keeps them from working, or have family responsibilities. Even people who would like to work are excluded if they aren't actively looking for work. Here's how the BLS calculates the Labor Force Participation Rate. The BLS does keep track of those people, though. They are separately reported in the Jobs Report. Those who have looked for work within the past 12 months, but...

Different Types of Unemployment in India )           Structural Unemployment: – This type unemployment is associated with economic structure of the country. When demand for labour falls short to supply of labour due to rapidly growing population and their immobility, the problem of unemployment appears in the economy. Besides, due to growing population, rate of capital formation falls down which again limits the employment opportunities, this type of structural unemployment is basically related to this category of unemployment. 2)          Under-Employment :- Those labourers are under-employment who obtain work for but their efficiency and capability are not utilized at their optimum and as a result they contribute in the production upto a limited level. A country having this type of unemployment fails to exploit the efficiency of their labourers. 3) ...