When governments subsidize retraining programs for unemployed workers to learn new skills, they are trying to minimize the effects of which kind of unemployment?

Question

Quizplus · Accepted Answer

Governments subsidize retraining programs for unemployed workers to learn new skills in order to minimize the effects of structural unemployment, which arises from a mismatch between the skills of the workforce and the requirements of available jobs. Retraining helps workers develop the skills necessary to fill open jobs in sectors with a shortage of skilled workers, thereby reducing structural unemployment.

When Governments Subsidize Retraining Programs for Unemployed Workers to Learn