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Understanding Types of Unemployment by Jyoti Jakhete is a document available to read on EtoBox.
What is Understanding Types of Unemployment about?
This document defines and describes several types of unemployment: 1) Frictional unemployment occurs during job transitions as workers search for new jobs or enter the workforce for the first time. 2) Structural unemployment results from changes in demand for certain skills as technology advances or tastes change. 3) Cyclical unemployment increases when the overall economy slows and demand for goods and labor decreases. 4) Casual unemployment involves those who choose not to work despite being able.
- Author
- Jyoti Jakhete
- Language
- EN