Types of Unemployment
Structural Unemployment = people are unemployed because of the changing structure of the economy. People are not skilled for avaliable jobs. Reluctant to relocate where jobs are avaliable.
Cyclical Unemployment = People become unemployed due to the lack of demand in the economy. Linked to the business cylce and reffwered to as demand-deficiant unemployment.
Regional Unemployment = occurs because of a deadline or closure of a particular employer in a particular area.
Seasonal Unemployment = this has…