Represents the number of people in the work force who want to work but do not have a job.
Is is stated as a percentage calculated by dividing the number of people who are unemployed by the total work force.
Is made up by those people who want to work.
It excludes people who are retired,disabled and able to work but do not currently looking for a job.
The broadest *two categories of unemployment* are *voluntary* and *involuntary *unemployment. When unemployment is voluntary, it means that a person has left his job willingly in search of other employment. When it is involuntary, it means that a person has been fired or laid off and now must look for another job.
Unemployment is broken down into *3 types. Read more in attached file . *