Structural Unemployment Frictional Unemployment Cyclical Unemployment Stella was a highly skilled instrument maker, but she hasn't been able to find work in the field since her workshop closed due to competition from instrument makers in China. Darnell was laid off as a teacher because of government budget cuts, made necessary by a fall in tax revenues caused by a recession. Clancy quit his part-time job to search full time for a job that was more closely related to his education.
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Structural unemployment occurs when there is a mismatch between the skills of workers and the requirements of available jobs. Show more…
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