Google simply defines the term �unemployment� to be �the state of being unemployed.�
Broadly speaking, unemployment can be classified into 10 different categories. Namely, they are Cyclical Unemployment, Frictional Unemployment, Structural Unemployment, Natural Unemployment, Long-Term Unemployment, Seasonal Unemployment, Classical Unemployment, Underemployment, Regional Unemployment, and Voluntary Unemployment. Again, Disguised Unemployment can also be taken as a form of unemployment, often seen in farms and rural areas.
The unemployment rate in India rose to 8.3 per cent in 2022, owing to Covid-19. Meanwhile, the global unemployment rate of 2021 is estimated to have been between 6.3 to 6.5 per cent.