The three types of unemployment are
A) voluntary, involuntary, and structural.
B) voluntary, part-time, and cyclical.
C) frictional, part-time, and involuntary.
D) frictional, structural, and cyclical.

Question

Quizplus · Accepted Answer

The three types of unemployment are frictional, structural, and cyclical. Frictional unemployment occurs when people are between jobs or entering the workforce. Structural unemployment happens when there's a mismatch between the skills workers have and the skills needed for available jobs. Cyclical unemployment is related to the ups and downs of the economy.

The Three Types of Unemployment Are