Which statement correctly describes "structural unemployment?"
A) Structural unemployment is also called "frictional unemployment."
B) Structural unemployment occurs even when the economy is at the natural unemployment rate.
C) Structural unemployment occurs mainly during recessions.
D) The amount of structural unemployment depends on normal labor turnover.

Question

Quizplus · Accepted Answer

Structural unemployment occurs when there is a mismatch between the skills of the workforce and the skills needed for available jobs, and it can exist even when the economy is at the natural rate of unemployment.

Which Statement Correctly Describes "Structural Unemployment