Bob is unemployed because his skills have become obsolete due to technological advances. This is ____ unemployment.

Question

Quizplus · Accepted Answer

Bob's unemployment is due to structural factors, meaning his skills are no longer in demand due to changes in the economy or technology. Frictional unemployment occurs when workers voluntarily leave their jobs to find better ones, cyclical unemployment occurs due to economic downturns, and seasonal unemployment occurs when jobs are only available during certain times of the year.

Bob Is Unemployed Because His Skills Have Become Obsolete Due