UPSCpedia: Economedia: Unemployement - India Vs. World - VOICEee: Education Employment and Entertainment

Unemployment as defined by the International Labour Organization, occurs when people are without jobs and they have actively sought work within the past four weeks.
In a 2011 news story, BusinessWeek reported, "More than 200 million people globally are out of work, a record high, as almost two-thirds of advanced economies and half of developing countries are experiencing a slowdown in employment growth, the group said."
The unemployment rate is expressed as a percentage, and is calculated as follows:
$\text{Unemployment rate}=\frac{\text{Unemployed workers}}{\text{Total labour force}}$

The incidence of unemployment is much higher in urban areas than in rural areas.
Unemployment rates for women are higher than those for men.
The incidence of unemployment among the educated is much higher than the overall unemployment.
There is greater unemployment in agricultural sector than in industrial and other major sectors.

Economists and social thinkers have classified unemployment into various types. Generally unemployment can be classified in two types:
(1) Voluntary unemployment
In this type of unemployment a person is out of job of his own desire doesn't work on the prevalent or prescribed wages. Either he wants higher wages or doesn't want to work at all. It is in fact social problem leading to social disorganization.
(2) In voluntary unemploymentIn this type of situation the person who is unemployed has no say in the matter. It means that a person is separated from remunerative work and devoid of wages although he is capable of earning his wages and is also anxious to earn them.