Unemployment and joblessness; a burden in economic growth

Are they both-Unemployment & Joblessness- the same or there is little difference, in the complete analysis of the unemployment rate, its measures, its reasons, the population's response, and its overall impact on economic growth? This topic is a complete package of the economic and political situation of the country.

What is Unemployment?

In simple terms, unemployment refers to the act of not being in a job, i.e. a person is available to take the job but not getting the job. The person must be out of work and also looking for a job but not getting the job matching their skill will fall in the category of unemployment.

Now unemployment is directly related to economic growth.

According to the National Sample Survey Office (NSSO), there are three statuses of an individual.

• Working
• Unemployed
• Jobless

Now let us discuss them briefly:

Working or Employed: Engaged in any economic activity and getting paid for it. This may also include a person doing work and getting wages for the work.