What is meaning of hidden unemployment

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Hidden unemployment is a term used to describe people who are not actively looking for work, but are willing and able to work if a job opportunity presented itself. It is also known as “discouraged workers” or “involuntary unemployment”. This type of unemployment is not included in the official unemployment rate, as these people are not actively looking for work.

Hidden unemployment is usually caused by a lack of job opportunities in the area or a lack of skills or qualifications. People may also become discouraged if they have applied for many jobs without success. This can lead to a feeling of hopelessness, which can discourage them from continuing their job search.

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Hidden unemployment can have a major impact on the economy. It can lead to a decrease in the overall labor force participation rate, which can lead to a decrease in economic growth. It can also lead to an increase in poverty, as those who are unemployed are unable to contribute to the economy.

Governments can take steps to reduce hidden unemployment. This can include providing job training and education opportunities, as well as providing incentives for businesses to hire more workers. Governments can also provide assistance to those who are unemployed, such as unemployment benefits or job search assistance.

Hidden unemployment is an important issue that needs to be addressed. It can have a major impact on the economy and can lead to an increase in poverty. Governments should take steps to reduce hidden unemployment and provide assistance to those who are unemployed.

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