Unemployment vs. Underemployment

Unemploymentnoun

The state of having no job; joblessness.

Unemploymentnoun

The phenomenon of joblessness in an economy.

Unemploymentnoun

The level of joblessness in an economy, often measured as a percentage of the workforce.

Unemploymentnoun

(countable) A type of joblessness due to a particular economic mechanism.

Unemploymentnoun

(countable) An instance or period of joblessness.

Unemploymentnoun

Quality or state of being not employed; - used esp. in economics, of the condition of various social classes when temporarily thrown out of employment, as those engaged for short periods, those whose trade is decaying, and those least competent.

Unemploymentnoun

the state of being unemployed or not having a job;

Unemployment

Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period.Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed).Unemployment can have many sources, such as the following: new technologies and inventions the status of the economy, which can be influenced by a recession competition caused by globalization and international trade policies of the government regulation and marketUnemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetary authority of a country, such as the central bank, can influence the availability and cost for money through its monetary policy.

Underemploymentnoun

The condition of being underemployed.

Underemployment

Underemployment is the underuse of a worker because a job does not use the worker's skills, is part-time, or leaves the worker idle. Examples include holding a part-time job despite desiring full-time work, and overqualification, in which the employee has education, experience, or skills beyond the requirements of the job.Underemployment has been studied from a variety of perspectives, including economics, management, psychology, and sociology.