The type of unemployment that occurs when an individual cann…

JAMB Economics 2023 176 views
Source: JAMB · 2023

The type of unemployment that occurs when an individual cannot find job as a result of obsolete skill is

  1. Frictional unemployment
  2. Structural unemployment ✓
  3. Cyclical unemployment
  4. Seasonal unemployment
Explanation

Structural unemployment happens when the skills of workers no longer match what employers need. This can happen when technology changes or an industry shrinks.

Frictional unemployment is short, while people move between jobs. Seasonal and cyclical unemployment come from the time of year and from a slump in the economy.

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