If an entire industry relocates to a foreign country,the relocation leads to a higher rate of ________ unemployment.

Question

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When an entire industry relocates to a foreign country, it leads to a higher rate of structural unemployment. Structural unemployment occurs when there is a mismatch between the skills of the workers in the market and the skills required for the available jobs. In this case, the workers who were employed in the industry that relocated may not have the skills needed for the available jobs in their area or may not be able to relocate to where the industry is now located. This type of unemployment is generally long-term and requires retraining or a change in the structure of the economy to alleviate it.

If an Entire Industry Relocates to a Foreign Country,the Relocation