Unemployment Chart

Unemployment Chart
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  • Hey do you know what the four types of unemployment are?
  • Yes, they are Structural, Frictional, Seasonal, and Cyclical Unemployment.
  • What is Structural Unemployment?
  • It's when the skills that a worker has does not qualify for the job the have.
  • What is Frictional Unemployment?
  • It's the type of unemployment that people take time off to look for a new job.
  • What is Seasonal Unemployment?
  • It's when the job you work at slows down or stops for the season.
  • What is Cyclical Unemployment?
  • It's unemployment that goes up when the economy goes down.
  • Thanks for all this information now I won't fail my economics test?
  • You're welcome good luck on that test.
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