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... Unemployment is said to be a situation where people are in working age, mostly 18-65 and economically active, but cannotfind a job even after active search (Knight, 2009). There are three main types of unemployment namely fictional, structural and cynical unemployment.
Structural unemployment occurs when job seeker’s skills are not in demand due to over specialization in a single field, geographical obsolescence, technological changes or structural change of the economy. For instance, decline of coal usage led may coal miners unemployed and they find it very difficult to be employed in other firms such as working with computers (Knight, 2009). To solve this, the government should provide stimulus to...