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Day: October 1, 2017

HR Word of The Day 0

#HR #Word:#Natural #Unemployment

Natural unemployment is the rate of unemployment due to normal labour market friction, when the labour market is in equilibrium. To elucidate the point we first take a look of the types of unemployment and the components of natural unemployment. Unemployment can be categorised in into 3 broad categories:   a. Structural unemployment: As the economy evolves over time, the skill […]