Asked by Rebecca Lovato on May 26, 2024
Verified
Unemployment arising from a mismatch of skills is called:
A) frictional unemployment.
B) structural unemployment.
C) seasonal unemployment.
D) cyclical unemployment.
E) underemployment.
Structural Unemployment
Unemployment because (1) the skills demanded by employers do not match those of the unemployed, or (2) the unemployed do not live where the jobs are.
Skills Mismatch
A situation where the skills of workers do not match the needs of the jobs available, leading to inefficiencies in the labor market.
Unemployment Types
Categories that differentiate the reasons individuals are without employment, including cyclical, frictional, and structural unemployment.
- Describe different types of unemployment (frictional, structural, cyclical, seasonal).
Verified Answer
Learning Objectives
- Describe different types of unemployment (frictional, structural, cyclical, seasonal).
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