Structural unemployment refers to unemployment caused by the restructuring of firms or by a mismatch between the skills or location of job seekers and the requirements or location of available jobs.

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Structural unemployment is caused by changes in the structure of the economy, such as technological advances or changes in consumer preferences, that result in a mismatch between the skills and location of workers and the jobs available. This can lead to unemployment for individuals who cannot find suitable work due to a lack of skills or because they are located in an area without available jobs in their field.

Structural Unemployment Refers to Unemployment Caused by the Restructuring of Firms