Employment vs. Unemployment — What's the Difference?

Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee. Employees work in return for payment, which may be in the form of an hourly wage, by piecework or an annual salary, depending on the type of work an employee does or which sector they are working in.

Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period.Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed).Unemployment can have many sources, such as the following: new technologies and inventions the status of the economy, which can be influenced by a recession competition caused by globalization and international trade policies of the government regulation and marketUnemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetary authority of a country, such as the central bank, can influence the availability and cost for money through its monetary policy.

The act of employing.

The state of being unemployed, especially involuntarily.

The state of being employed.

The percentage or number of people who are involuntarily unemployed

The work in which one is engaged; occupation.

Unemployment insurance.

An activity to which one devotes time.

The state of having no job; joblessness.

The work or occupation for which one is used, and often paid

The phenomenon of joblessness in an economy.

The act of employing

The level of joblessness in an economy, often measured as a percentage of the workforce.

A use, purpose

(countable) A type of joblessness due to a particular economic mechanism.

The state of being employed

(countable) An instance or period of joblessness.

An activity to which one devotes time

Quality or state of being not employed; - used esp. in economics, of the condition of various social classes when temporarily thrown out of employment, as those engaged for short periods, those whose trade is decaying, and those least competent.

(economics) The number or percentage of people at work

The state of being unemployed or not having a job;

The act of employing or using; also, the state of being employed.

That which engages or occupies; that which consumes time or attention; office or post of business; service; as, agricultural employments; mechanical employments; public employments; in the employment of government.

The state of being employed or having a job;

The occupation for which you are paid;

The act of giving someone a job

The act of using;