Unemployment refers to the state of individuals who are actively seeking work but are unable to secure employment. It is influenced by economic conditions, industry demands, workforce skill gaps, and labor market trends. Unemployment is categorized into different types, including frictional (temporary job transitions), structural (mismatch of skills and job requirements), cyclical (due to economic downturns), and seasonal (employment fluctuations in specific industries). Managing unemployment effectively requires targeted workforce planning, reskilling initiatives, and strategic hiring practices.

Industries such as manufacturing, retail, logistics, e-commerce, and facility management services (FMS) play a critical role in employment generation, workforce upskilling, and job market stabilization. Businesses managing contract workers, apprentices, and temporary employees must focus on sustainable hiring practices, career progression opportunities, and industry-relevant training programs to bridge skill gaps and reduce unemployment rates. By leveraging workforce analytics, government-backed employment initiatives, and digital hiring platforms, companies can enhance labor force participation, ensure job market adaptability, and contribute to long-term economic growth.