"Mismatch" unemployment is another name for ________ unemployment.

Question

Quizplus · Accepted Answer

Mismatch unemployment occurs when the skills and qualifications of job seekers do not match the requirements of available jobs. This type of unemployment is the result of structural issues in the labor market, such as changes in technology, shifts in demand for certain goods and services, and changes in the geographic location of jobs. It is different from frictional unemployment, which occurs when people are between jobs or transitioning into the workforce, and cyclical unemployment, which is caused by changes in the overall level of demand in the economy. Natural unemployment is the combination of frictional and structural unemployment that exists even in a healthy economy with no cyclical unemployment.

"Mismatch" Unemployment Is Another Name for ________ Unemployment