Analyse Unemployment in Australia and India

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Analyse unemployment

Analyse unemployment 1
Contents
Introduction................................................................................................................................1
Measurement of unemployment.................................................................................................1
Causes of unemployment in the Australian economy................................................................1
Variation of unemployment.......................................................................................................2
Implementation of policies.........................................................................................................2
Conclusion..................................................................................................................................3
References..................................................................................................................................4

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Introduction
Unemployment is a situation when a person is willing to work but fails to get one as a source
of living. It is basically the state of being unemployed. There is unemployment in India due to
slow economic growth, increase in population, seasonal occupation, slow growth of
industrialization, immobility of labor and fewer savings and investment. The Indian economy
is underdeveloped and rate of growth is slow which fails to provide enough unemployment
opportunities in the country. The slow growth rate of industries has failed to create a source
of employment. The constant increase in population has been a major problem and cause of
unemployment in India.
Measurement of unemployment
There is an authority “The National Sample Survey Organization” in India which does the
measurement of employment in India. It provides three estimates of employment and
unemployment on the basis of several approaches. These activities classify activity status of
individuals. The activities are:
 Usual status approach
 Current week status approach
 Daily status approach
The usual status approach refers to a period of 365 days preceding to the date of survey. The
current week status approach refers to the period of 7 days preceding date of survey. The
daily status approach states to the each day of the seven days preceding date of survey
(Apergis, 2016). India follows two categories of measurement of unemployment given
below:
Claimant count: This category takes account of heads unemployed and getting unemployment
benefits. This method calculates unemployment by undertaking administrative records.
Labor force survey: This survey is done by taking household samples. A questionnaire is
prepared in which the individuals of workable age are asked about their employment status
and the relevant information (Sutcliffe & Dhakal, 2018). This method is useful in estimating
employed, unemployed and underemployed.