Unemployment arising from mismatch of skills is called
A)frictional unemployment
B)structural unemployment
C)seasonal unemployment
D)cyclical unemployment
E)underemployment

Question

Quizplus · Accepted Answer

Structural unemployment refers to unemployment arising from a mismatch or lack of skills in the labor market, making it difficult for workers to find employment. This type of unemployment is different from frictional unemployment, which refers to temporary or short-term unemployment related to job transitions, and seasonal unemployment, which is caused by fluctuations in demand for labor during different seasons. Cyclical unemployment refers to unemployment caused by downturns in the business cycle. Underemployment refers to a situation where a worker is employed but is not working in a job that fully utilizes their skills and qualifications.

Unemployment Arising from Mismatch of Skills Is Called