Suppose the population of a country is 100 people: 40 work full-time, 20 work half-time but would prefer to work full-time, 10 a
re looking for a job, 10 would like to work but are so discouraged they have given up looking, 10 are not interested in working because they are full-time students, and 10 are retired. What is the number of unemployed
Those people who are actively seeking for a job are counted as unemployed. Underemployment is not considered as unemployment. Those who have given up looking for jobs are also not considered as unemployed as well. Hence there are 10 unemployed people.
