Explain its types of unemployment??
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There are three main types of unemployment: cyclical, frictional and structural. ... Frictional unemployment occurs because of the normal turnover in the labor market and the time it takes for workers to find new jobs. Structural unemployment occurs because of an absence of demand for a certain type of worker.
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There are three main types of unemployment: cyclical, frictional and structural. ... Frictional unemployment occurs because of the normal turnover in the labor market and the time it takes for workers to find new jobs. Structural unemployment occurs because of an absence of demand for a certain type of worker
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