Employment refers to the condition of having paid work or the state of being engaged in activities that provide a wage or salary. It encompasses various forms of work relationships, including full-time, part-time, temporary, and contract positions. Employment can be in various sectors, such as agriculture, industry, services, and government, and can occur in both formal and informal settings. The primary components of employment include the exchange of labor for compensation, adherence to job responsibilities, and often compliance with labor laws and regulations. Employment serves as a crucial element of economic activity and personal livelihood, influencing aspects such as economic stability, social status, and personal fulfillment.
Judicial liquidations increased by 34% last year, indicating significant business distress. Business restructurings rose by 50%, reflecting widespread economic challenges. Unemployment rates have reached 5.6%, affecting many families and communities.…