The term "unemployed" refers to individuals who are actively seeking work but are unable to find a job. This status is often measured by the unemployment rate, which indicates the percentage of the labor force that is without work. People may become unemployed for various reasons, including economic downturns, company layoffs, or personal circumstances.
Unemployment can have significant effects on individuals and the economy. Those who are unemployed may experience financial difficulties, leading to stress and reduced quality of life. Additionally, high levels of unemployment can impact overall economic growth, as fewer people working means less spending and lower demand for goods and services.