Unemployment Types in Economics | Frictional, Structural, Cyclical & More
2Are you struggling to understand the different types of unemployment in economics? Whether you're preparing for the UGC NET Economics, UPSC, Class 11/12 CBSE, or any competitive exam — this video has got you covered!
[00:00:00] - Introduction
[00:00:55] - Importance of Unemployment
[00:02:20] - Definition of Unemployment
[00:03:54] - Unemployment Rate as Economic Indicator
[00:04:32] - Classification of Unemployment
[00:06:19] - Disguised Unemployment Example
[00:09:31] - Seasonal Unemployment in Agriculture and Industry
[00:12:00] - Voluntary Unemployment and Reservation Wage
[00:14:07] - Structural Unemployment: Skill Mismatch
[00:16:36] - Cyclical Unemployment and Business Cycles
[00:19:45] - Technological Unemployment and Automation
[00:21:47] - Frictional (Search) Unemployment
[00:24:10] - Chronic Long-term Unemployment
[00:25:55] - Vulnerable Employment in Informal Sector
[00:29:03] - Policy Responses and Inclusive Growth
[00:30:26] - Conclusion and Recap
In this detailed and visual-rich session, we break down the 9 most important types of unemployment, including:
🔹 Frictional Unemployment
🔹 Structural Unemployment
🔹 Cyclical Unemployment
🔹 Seasonal Unemployment
🔹 Technological Unemployment
🔹 Disguised Unemployment
🔹 Underemployment
🔹 Voluntary Unemployment
🔹 Chronic Unemployment
Each type is explained with real-life examples, and clear distinctions, helping you understand not only the definitions but also their causes, policy responses, and relevance to the Indian economy.
👨 🏫 This video is designed for:
UGC NET Paper 2 Economics aspirants
UPSC Civil Services Mains (GS & Optional)
Students of BA, MA Economics
Class 12 Economics CBSE/ISC
Anyone preparing for SET, GATE, or RBI Grade B exams
✨ What you'll learn:
Differences between cyclical vs structural unemployment
What makes disguised unemployment unique in India
How to apply this knowledge in MCQs, assertion-reasoning, and essay-type answers
👍 Like | 🔔 Subscribe | 💬 Comment your doubts below!
#TypesOfUnemployment #UGCNETEconomics #UPSC #UnemploymentInIndia #EconomicsExplained #Class12Economics #FrictionalUnemployment #CyclicalUnemployment
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