Showing posts with label Structural unemployment. Show all posts
Showing posts with label Structural unemployment. Show all posts

Structural Unemployment







There are seven causes of unemployment. Four cause frictional unemployment. That occurs whenever employees leave their job to find a better one. There are two causes of structural unemployment. That's when workers' skills, or income requirements, no longer match the jobs available.  These occur even in a healthy economy. The natural rate of unemployment is between 4.7 percent and 5.8 percent according to the Federal Reserve.

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