unemployment compensation extended benefits

Sun, 03 May 2026 17:28:50 +0000

To measure unemployment, the number of unemployed people is divided by the total labor force to get the unemployment rate. In 2017, Indias unemployment rate was 6.1%, but by 2021. Unemployment is a situation in which the person is capable of working both physically and mentally at the existing wage rate, but does not get a job to work. In other words unemployment is a. Explanation: Statement I is correct as the Phillips Curve is a graphic curve that shows an inverse relationship or trade off between inflation and unemployment. Statement II is incorrect. Unemployment is a situation in which a person is willing and capable of working at the existing wage rate but does not get a job to work. Unemployment refers to a situation where a person.