Three Major Types Of Unemployment

- Describe each of the major types of unemployment in your replies words.

There are three major types of unemployment which are structural, frictional, and cyclical. All three categories explain the many reasons why a person might be out of work in an economic system.

First, Structural unemployment occurs when the entire makeup of an economic system experiences fundamental problems such as uneven labor distribution across industries and a lack of skilled workers to fill these positions. Structural unemployment is not caused by changes in supply and demand as the other major types of unemployment. Instead, this kind of unemployment happens because of significant changes in the use of new technologies such as robotics and a.i. Advancements can create

These individuals are usually married with children or live in a remote area. There are three main reasons why this type of unemployment is the worst.

First, structurally unemployed people may find that it is too late or too costly to go back to school to upgrade their skills. Many jobs now require some college education even to have a shot at an interview. Thus, many people who have just a high school diploma cannot find work because they do not have the skills or credential required. For example, many miners in small towns typically go straight into to the mines after they graduate high school. This theme created a structural problem because these workers could not find a job after their mines ran dry or got shut down by government policy.

Second, when a region experiences structural unemployment workers must move to a different area to find a job that matches their skills. Moving creates a problem because workers might have to move their entire family to accept a job offer. Most people remain unemployed because they are unwilling to move their entire life into a new