Asked by
Raven Stroman
on Nov 16, 2024
Verified
Structural unemployment is often thought to explain relatively long spells of unemployment.
Structural Unemployment
Unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.
Long Spells Of Unemployment
Extended periods in which an individual is actively seeking but unable to find employment.
- Grasp the fundamentals of the three unemployment types: frictional, structural, and sectoral.
Verified Answer
OB
Learning Objectives
- Grasp the fundamentals of the three unemployment types: frictional, structural, and sectoral.
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