The three types of unemployment are:

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The three types of unemployment recognized by economists are frictional, structural, and cyclical. Frictional unemployment refers to temporary unemployment that occurs during the period between when individuals leave one job to when they start another. Structural unemployment occurs when there is a mismatch between the skills possessed by workers and the skills required by employers. Cyclical unemployment results from recessions and economic downturns where businesses cut back on production and reduce their workforce.

The Three Types of Unemployment Are