Disguised unemployment financial definition of disguised unemployment
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disguised (concealed) unemployment a form of UNEMPLOYMENT in which people able and willing to work do not register as unemployed and seeking work, which results in their absence from the official unemployment figures. Unless there are clear incentives for people to register as unemployed (by, for example, linking registration with entitlement to unemployment payments) then the official unemployment figure may considerably understate the actual level of unemployment. See POVERTY TRAP.