The number of people who are counted as employed and unemployed.
James is an architect who has been laid-off owing to the slump in the demand for property. He feels he will have to wait until the economy picks up before he can get a new job. What type of unemployment is this?
Eric is an experienced project manager who lost his job at an internet startup because the company\'s product failed to take off. He is confident he can get a new job and has already rejected a number of offers. What type of unemployment is this?
Craig lost his job several months ago. He is reluctant to get a new job as he feels that he can make almost as much money on social welfare. What type of unemployment is this?
Juan is a miner who recently lost his job because of a mine closure. He knows he could easily find work outside his state, but is reluctant to uproot his family. What type of unemployment is this?
Sarah is a recent economics graduate who is entering a difficult labor market, owing to a continued recession. She is continuing to look for work but is finding it difficult. What type of unemployment is this?