Question

Explain any two types of unemployment.?In short answer type question ​

Answer 1

Explanation:

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There are three main types of unemployment, cyclical, structural, and frictional. 1 Cyclical unemployment is, unfortunately, the most familiar. It occurs during a recession. The second two—structural and frictional—make up the natural unemployment rate.

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Answer 2

Answer:

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1. Structural unemployment: It occurs because of an absence of demand of a certain type of worker. It happens when there is mismatch between worker skills and skills employers want. 2. Cyclical unemployment: It is the unemployment when an economy is facing many shocks