not employed; without a job; out of work: an unemployed secretary.
not currently in use: unemployed productive capacity.
not productively used: unemployed capital.
(used with a plural verb) people who do not have jobs (usually preceded by the ): programs to help the unemployed.

1590–1600; un-1 + employ + -ed2

1. unoccupied, idle, at liberty, jobless.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
unemployed (ˌʌnɪmˈplɔɪd)
1.  a.  without remunerative employment; out of work
 b.  (as collective noun; preceded by the): the unemployed
2.  not being used; idle

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1600, "at leisure, not occupied," from un- (1) "not" + pp. of employ. Meaning "temporarily out of work" is from 1667. The noun meaning "unemployed persons collectively" is from 1782; unemployment first recorded 1888.
[Say the] voices of the unemployed
No man has hired us
With pocketed hands
And lowered faces
We stand about in open places
And shiver in unlit rooms

[T.S. Eliot, Choruses from the Rock]
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Whether you're fired or laid-off, joining the ranks of the unemployed is not
  exactly a feel-good event.
Therefore, the loan program would also create local teaching jobs for some
  unemployed engineers.
Most were unemployed and had a high school diploma or less.
IE back then many musicians became unemployed or lost jobs etc because of the
  recording technology.
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