Unemployment and Underemployment

Unemployment refers to individuals who are actively seeking work but cannot find a job. Underemployment occurs when people are working in jobs that do not fully utilize their skills, qualifications, or availability, such as part-time work when they want full-time employment. Both factors indicate issues in the labor market, as they reflect an imbalance between job availability and the workforce's capacity. Addressing these issues is crucial for economic development and improving overall job satisfaction and productivity.