Explain the concept of hidden unemployment.

Economics Unemployment Questions



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Explain the concept of hidden unemployment.

Hidden unemployment refers to individuals who are not officially counted as unemployed but are still not fully employed or underemployed. These individuals may have given up looking for work due to discouragement or lack of available job opportunities. They may also be working part-time when they desire full-time employment or have taken on jobs that are below their skill level. Hidden unemployment is not reflected in official unemployment statistics, which only consider those actively seeking work and available for employment.