Unemployment happens when people who want to work and are actively seeking jobs cannot find employment. It means many individuals are without jobs despite their efforts to find one. High unemployment can indicate economic challenges, as businesses may not be hiring or the economy might not be creating enough job opportunities.
Unemployment can lead to financial hardships for individuals and families, affecting their ability to meet basic needs. To address unemployment, governments and policymakers implement measures to promote job growth and improve economic stability.
