Question

explian types of unemployment
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Answer 1

Answer:

Explanation:

• Frictional unemployment- It includes people just entering the labor force, such as freshly graduated college students.

• Cyclical unemployment-Cyclical unemployment is the component of overall unemployment that results directly from cycles of economic upturn and downturn.

• Structural unemployment-Structural unemployment is long-lasting unemployment that comes about due to shifts in an economy.

• Institutional unemployment-Institutional unemployment is unemployment due to interferences with free market conditions rather than the voluntary decisions of those unemployed.

Answer 2

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• Frictional unemployment. Frictional unemployment is caused by temporary transitions in workers’ lives, such as when a worker moves to a new city and has to find a new job.

• Structural unemployment. Structural unemployment is caused by a mismatch in the demographics of workers and the types of jobs available, either when there are jobs available that workers don’t have the skills for, or when there are workers available but no jobs to fill.

• Cyclical unemployment. Cyclical unemployment is caused by declining demand: when there is not enough demand in an economy for goods and services, businesses cannot offer jobs.

• Seasonal unemployment. Seasonal unemployment is caused by different industries or parts of the labor market being available during different seasons.