Europe has unemployment that is more persistent and longer in duration than unemployment in the United States.This suggests that Europe has higher:

Question

Quizplus · Accepted Answer

The persistence and longer duration of unemployment suggest that Europe has higher structural unemployment, which is caused by a mismatch between the skills and qualifications of job seekers and the requirements of employers in the labor market. Frictional unemployment refers to temporary unemployment as workers switch jobs or enter the workforce, while cyclical unemployment is caused by downturns in the business cycle. Underemployment refers to people who are employed but not in jobs that fully utilize their skills and education.

Europe Has Unemployment That Is More Persistent and Longer in Duration