Ask Question
29 June, 14:14

What are the four different kinds of unemployment and the characteristics of each

+4
Answers (1)
  1. 29 June, 14:39
    0
    Structural:

    A given set of skills is not needed by an economy, so people with those skills cannot find employment

    Frictional:

    When people are in a set period of unemployment whilst they wait to get a job that is already secured, or when people are looking for their first job

    Seasonal:

    When there is unemployment as the jobs only exist at certain times of the year (e. g. retail jobs at Christmas)

    Cyclical:

    When the growth of the economy has slowed and there is no demand for the production of the workers at all
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What are the four different kinds of unemployment and the characteristics of each ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers