Types of unemployment
- Created by: Becky.M
- Created on: 01-10-18 17:06
View mindmap
- Unemployment
- Cyclical unemployment
- happens when the economy is not so good ie downturn or recession
- Structural unemployment
- when there is a mismatch between supply of skilled workforce and jobs available
- Frictional unemployment
- people in the short term process of moving from one job to another
- Seasonal unemployment
- only employed at certain times of the year
- Voluntary unemployment
- when people choose not to work
- Cyclical unemployment
Similar Economics resources:
Teacher recommended
Comments
No comments have yet been made