Mark is out of work because he lacks the skills needed to perform jobs that are available. He is experiencing cyclical unemployment.

Name: Mark is out of work because he lacks the skills needed to perform jobs that are available. He is experiencing cyclical unemployment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cyclical unemployment occurs due to fluctuations in the business cycle, while Mark's unemployment is due to a lack of skills, which falls under the category of structural unemployment.

Mark Is Out of Work Because He Lacks the Skills