Scribd Logo
Upload

Welcome to Scribd!

  • Types of Unemployment

    Uploaded by

    Varun Parasrampuria
    9 views1 page
    Some people quit their jobs because they do not like them, and some seek to re-enter the job market. There is a seemingly natural cycle of good economic times and poor times. During these poor times of recession or depression, businesses decrease their outputs, which requires fewer employees.

    Original Description:

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Some people quit their jobs because they do not like them, and some seek to re-enter the job market. There is a seemingly natural cycle of good economic times and poor times. During these poor times of recession or depression, businesses decrease their outputs, which requires fewer employees.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views1 page

    Types of Unemployment

    Uploaded by

    Varun Parasrampuria
    Some people quit their jobs because they do not like them, and some seek to re-enter the job market. There is a seemingly natural cycle of good economic times and poor times. During these poor times of recession or depression, businesses decrease their outputs, which requires fewer employees.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    TYPES OF UNEMPLOYMENT

    1. FRICTIONAL UNEMPLOYMENT is when unemployment happens naturally. That is, there are some people who quit their jobs because they do not like them, and some people seek to re-enter the job market (like mothers after leaving a job to have children).

    2. STRUCTURAL UNEMPLOYMENT occurs when the skills of the potential employee no longer match the needs of potential employers. Technological changes may have made an employees skills and talents obsolete.

    3. SEAONAL UNEMPLOYMENT happens because some products/businesses are in demand during only part of the year. The construction business and agriculture harvesting are good examples. When business is not being conducted, the demand for employees drops considerably.

    4. CYCLICAL UNEMPLOYMENT is a result of the business cycles. There is a seemingly natural cycle of good economic times and poor times. During these poor times of recession or depression, businesses decrease their outputs, which requires fewer employees, thus causing an increase in unemployment.

    You might also like