Working_Age_&_Types_Of_Unemployment

Working Age & Types Of Unemployment Working-age population: Working age population is defined as persons between 20 and 64 years of age Mexico has 63.2 million adults of working age, 33 million people below age 15 and almost 5 million above age 65 Unemployment: state where people are available for work , and have made a specific effort to find a job during the past month and who during the most recent survey web worked less than one hour for pay. Formula: number of unemployed individuals/ total number of persons in the civilian labor force. Kinds of Unemployment: Frictional Unemployment: unemployment caused by workers who are between jobs. Mr. X if offered a new Job, he has to quit his old one, and start a capacitating process in between without pay. Structural Unemployment: occurs when a fundamental change in the operations of the economy reduces the demand for unemployment, people, age, workers, million, economy, between, , working, skills, possible, persons, pay, one, number, less, leaving, jobs, job, during, demand, company, changes, caused, behind, 20, years, worked, work, without, web, weather, unemploys, unemployed, unemploy, total