What are the main types of unemployment?
October 26, 2020
Frictional unemployment – reflects the freedom of people to sell their labor services.
Seasonal unemployment reflects the peculiarities of the economic and geographical situation in the region.
Structural unemployment is the impossibility of employment of people of certain professions and is associated with a mismatch between the structure of supply and demand in the labor market.
Cyclical unemployment is a decline in the number of people employed in all sectors of the economy amid an economic downturn.
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