Hidden unemployment is estimated by the TUC to be well over 2m.
"Some
hidden unemployment problems will float to the surface to intensify unemployment pressure, and it will be a threat to job stability next year," the NDRC's think tank said, in the report, adding that investment growth, which stood at 10.2 percent between January and November this year, could fall to about 9 percent next year as a (http://www.reuters.com/article/china-economy-property-idUSENNFC80SH20151212) cooling real estate market drags on overall growth.
Another form of
hidden unemployment in statistics comes from counting as employed anyone who did any work for pay (or profit if self-employed) in the week before the government survey.
Unemployment is always present in a market economy, in various forms: classical, cyclical (Keynesian pattern and/ or model), frictional, structural, seasonal, hardcore or
hidden unemployment. Regardless of the particular approach or the cause of unemployment, the effects it has on society are not beneficial, ranging from mild and transient to severe and persistent.
The latest episode boosts the currently popular joke in Ankara's political circles, that "Davutoy-lu is the prime example of the
hidden unemployment in Turkey." Nasty, that one, but as days go by, there will be points to it.
Thus this sector is expanding and an increasing number of unskilled population is gathered in simple service jobs in cities and create a phenomenon called"
hidden unemployment".
Older workers also have growing rates of underemployment (working part time but desiring full-time jobs),
hidden unemployment (not seeking but want unemployment), and mal-employment (working at jobs well below their education or career level).
Researchers at Sheffield Hallam University (SHU) have produced a report focusing on "
hidden unemployment", where people who are out of work either fail to qualify for jobseeker's allowance (JSA) or are diverted onto other benefits.
But experts say the figures do not reflect the overall picture because of widespread undeclared or
hidden unemployment, or the employment of educated, qualified people in menial jobs.
International literature has included the work by Little (2006), Fieldhouse and Hollywood (1999) and Green and Owen (1998) into
hidden unemployment and economic activity in the UK; Sa'di and Lewin-Epstein (2001) in Israel; Hilst and Schuup (2000) in Germany; and Partridge (2001) in North America.
"So, the
hidden unemployment has now come out in the open and is for yours to see.
