Unemployed

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

Code of Conduct

What is Code of Conduct ?    ‘Code of Conduct’ refers to the set of regulations used to define the daily working of a business.

Integrity Testing

What is Integrity Testing?   ‘Integrity Testing’ refers to a screening practice during recruitment of a new candidate which helps to test the candidate’s integrity

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