Define unemployment

Unemployment exists when a person, 15 to 59 years of age, is willing to work at acceptable wages, cannot find a job. Such a person is called an unemployed person. The form of unemployment is different in rural and urban areas. In villages, people face seasonal unemployment or disguised unemployment while in large towns and cities, people face educated unemployment.

Seasonal unemployment occurs when people cannot find work for a few months in a year. Disguised unemployment occurs when people appear to be employed, but do not increase the productivity at their place of work. People facing disguised unemployment have to find other work where they can actually be productive.

The unemployment faced by people who are matriculates, graduates or post-graduates is called educated unemployment. Studies suggest that there are more unemployed graduates and post-graduates than unemployed matriculates.