A key reason that unemployment in the United States is so low compared to most of Europe is because of ________ unemployment.

Question

Quizplus · Accepted Answer

The key reason for lower unemployment rates in the United States compared to most of Europe is attributed to low structural unemployment. Structural unemployment occurs when there is a mismatch between the skills that workers in the labor market offer and the skills demanded by employers. The U.S. labor market is more flexible, allowing for quicker adjustments to economic changes, which helps to keep structural unemployment lower.

A Key Reason That Unemployment in the United States Is