What are the three main types of unemployment?
A)frictional,seasonal,and cyclical
B)temporary,permanent,and volunteer
C)cyclical,structural,and temporary
D)structural,frictional,and cyclical

Question

Quizplus · Accepted Answer

The three main types of unemployment are structural, frictional, and cyclical. Structural unemployment occurs when there is a mismatch between the skills of the workforce and the available job opportunities. Frictional unemployment occurs when people are in-between jobs or transitioning to a new job. Cyclical unemployment occurs when there is a downturn in the business cycle and the demand for labor decreases. Choice D is the only option that correctly identifies these three types of unemployment.

What Are the Three Main Types of Unemployment