give definition of the four types of Unemployment
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There are three main types of unemployment they are=
1)structural
2)frictional
3)cyclical
the first two make up the natural employment rate
The third rises when demand falls, usually during a recession
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1)Seasonal employment : workers are hired for a particular season
2)Chronic employment : workers are not hired for any seasons
3)Disguised employment : workers are hired but are made to work less than their potential.
4)Frictional unemployment : workers leave their old jobs but haven't yet found new ones.
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