Workers with experience and skills sometimes lose their jobs and become unemployed due to changing technology or market conditions,even while firms in other industries or regions are looking to hire more workers.This type of unemployment is called
A)cyclical unemployment.
B)frictional unemployment.
C)historical unemployment.
D)natural rate of unemployment.
E)structural unemployment.

Question

Quizplus · Accepted Answer

This type of unemployment due to changes in technology and market conditions is known as structural unemployment. It is caused by a mismatch between the skills that workers have and the skills that employers are looking for. In this case, the workers with experience and skills in one industry may find it difficult to transition to another industry where there is demand for workers.

Workers with Experience and Skills Sometimes Lose Their Jobs and Become