Unemployment
Unemployment is the number of people who do not have a job that provides money [Cambridge Dictionary].
It is important to note that to be considered unemployed; a person must be an active member of the labor force and in search of remunerative work. Underemployment designates those who can find employment only for shorter than normal periods—part-time workers, seasonal workers, or a day or casual workers. The term may also describe the condition of workers whose education or training makes them overqualified for their jobs. Statistics on unemployment are collected and analyzed by government labor offices in most countries and have come to be considered a chief indicator of economic health. Trends in unemployment and statistical differences among groups in the population are studied for what they may reveal of general economic trends and as bases for possible governmental action. Full employment has been a stated goal of many governments since World War II, and various programs have been devised to attain it. It should be pointed out that full employment is not necessarily synonymous with a zero unemployment rate, for at any given time, the unemployment rate will include some persons who are between jobs and not unemployed in any long-term sense [Encyclopædia Britannica].
Unemployment. Cambridge Dictionary. Retrieved from: https://dictionary.cambridge.org/dictionary/english/unemployment
Unemployment. Encyclopædia Britannica. Retrieved from: https://www.britannica.com/topic/unemployment