Hi every one,

Unemployment

Condition of a person who is able to work, is actively seeking work, but is unable to find any.

Statistics on unemployment are collected and analyzed by government labour offices in most countries and are considered an important indicator of economic health. Since World War II full employment has been a stated goal of many governments. Full employment is not necessarily synonymous with a zero unemployment rate, since at any given time the unemployment rate will include some people who are between jobs and not unemployed in any long-term sense. Underemployment is the term used to describe the situation of those who are able to find employment only for shorter than normal periods for example, part-time workers and seasonal workers
and may also describe the condition of workers whose education or training makes them overqualified for their jobs.




Unemployment insurance


Form of social insurance designed to compensate workers for short-term, involuntary unemployment.

It was created primarily to provide financial assistance to laid-off workers during a period deemed long enough to allow them to find another job or to be rehired at their original job. In most countries, workers who are permanently disabled or who have been unemployed for a long period of time are covered under other plans. In countries such as Canada and Britain, workers in any occupation may qualify for unemployment insurance; the U.S. denies coverage to certain workers, such as government employees and the self-employed. In most countries, benefits are related to earnings and are paid for a limited period of time. Funding may come out of general government revenues or from specific taxes placed on employers or employees.

hi dear,
i agree with u.but tell me how can a comon man find job in a country where there is no difference in civilians jobs and military job?unfortunatly we are from a country where army is dominant.how come?a country where army has its mills,factories,Airforce instead of fighter plans have petrol pumps,soldiers instead of on borders are in wapda,FPSC(has nothing to do with military),steel mill,motorway police,education sector in short in eachj an every sector we have either serving or retired army,then where civilians have to go?if its not true then how come a retired general accept that we cant defeat india if we dont use our nuclear capability.y so?wat happend to our army?we all are will aware wat happend.
army men instead one govt job,having tow and three then where will civilian go?huh their boss is serving on three posts then y not his sub ordinates.

@Good work Mr Chandio.

Let me clarify the 'full employment'. It is the level of employment where only cyclic unemployment stays while there's no structural (functional) or frictional unemployment. it means that at full employment certain level of un employment still exists and this is known as 'natural rate of unemployment'.
A country with minimum natural rate of unemployment is considered to be on the highway of development.



Regards,

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