What is unemployment
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Unemployment refers to the state of being without a job and actively seeking employment. It is typically measured as a percentage of the total labor force that is unemployed. The labor force includes individuals who are able to work and are actively looking for employment. Unemployment can be involuntary, where individuals are unable to find suitable employment despite their efforts, or voluntary, when individuals choose not to work or are not actively seeking employment for various reasons. High levels of unemployment can have negative consequences on the economy and individual well-being. Government interventions and policies are often implemented to address unemployment and stimulate job creation.