Economy, Domestic Economy
0

Main Reasons Leading to Frictional Unemployment

Main Reasons Leading to Frictional Unemployment
Main Reasons Leading to Frictional Unemployment

Out of 3.2 million unemployed people in the fiscal 2017-18, about 1.8 million or more than 56% experienced frictional unemployment (those who were not working because they were in between jobs or formerly employed). 
Men accounted for 1.6 million of this population group, according to a new report by the Ministry of Cooperatives, Labor and Social Welfare. 
The biggest cause of their unemployment was the temporary nature of their jobs, comprising 25%. 
Low wage (16.3%), expulsion or layoff (14%) ...

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com