Structural unemployment is a more serious problem in Western Europe than in the United States,primarily because of more generous unemployment benefits,stronger union presence,and employment protection laws in Western Europe.

Question

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Structural unemployment refers to the mismatch between job seekers' skills and available job openings. The factors mentioned in the statement - generous unemployment benefits, strong unions, and employment protection laws - can make it more difficult for employers to adjust to changes in the economy and can discourage workers from taking available jobs. These factors are generally more prevalent in Western Europe than in the United States, making structural unemployment a more serious problem in that region.

Structural Unemployment Is a More Serious Problem in Western Europe