It occurs when a person is available to work and seeking work but currently without work. The prevalence of unemployment is usually measured using the unemployment rate, which is defined as the percentage of those in the labour force who are unemployed. The unemployment rate is also used in economic studies and economic indexes.
Causes:
- Lack of skills;
- Economic conditions of the country or of the company;
- Mismatch between available workers and positions to be filled;
- Voluntary unemployment.
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