name any four kinds of unemployment
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structural
frictional
seasonal
cyclical
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The four kinds of unemployment are as follows:
- Structural unemployment: This unemployment occurs when the skill required by employers does not match the skills that workers have.
- Frictional unemployment: This unemployment occurs when people change their jobs and remain unemployed in the transition period.
- Seasonal unemployment: This is caused when the demand for jobs decreases as the season changes.
- Cyclical unemployment: This unemployment is caused by the ups and downs of the economic cycle.
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