Structural unemployment is the
A) portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries.
B) unemployment that occurs during recessions and depressions.
C) portion of unemployment that is due to the normal working of the labor market.
D) unemployment that results when people become discouraged about their chances of finding a job so they stop looking for work.

Question

Quizplus · Accepted Answer

Structural unemployment is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries. This can be caused by technological advancements, shifts in consumer demand, or globalization. It is different from cyclical unemployment, which occurs during recessions and depressions, and frictional unemployment, which is due to the normal workings of the labor market. Discouraged workers are classified as "out of the labor force" rather than unemployed.

Structural Unemployment Is the