Structural unemployment usually lasts longer than frictional unemployment.

Question

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Structural unemployment occurs when there is a fundamental mismatch between the skills workers have and the skills needed by employers due to technological changes, globalization, or other structural changes in the economy. This type of unemployment typically requires workers to learn new skills or relocate, which can take a significant amount of time. Frictional unemployment, on the other hand, is short-term and occurs when people are between jobs or are entering the workforce for the first time. It is usually due to the time it takes to find a match between job seekers and job openings.

Structural Unemployment Usually Lasts Longer Than Frictional Unemployment