Unemployment that exists because there is a shortage of jobs is

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Structural unemployment is caused by a mismatch between the skills of job seekers and the requirements of available jobs. When there is a shortage of jobs, this kind of unemployment is likely to occur. It contributes to the natural rate of unemployment because it is usually a long-term phenomenon. Frictional unemployment is caused by the time it takes for workers to find jobs that best match their skills and preferences. When there is a shortage of jobs, frictional unemployment may increase temporarily, but it is not a long-term phenomenon, and it does not have a significant impact on the natural rate of unemployment.

Unemployment That Exists Because There Is a Shortage of Jobs