Workers with experience and skills sometimes lose their jobs and become unemployed due to changing technology or market conditions, even while firms in other industries or regions are looking to hire more workers. This type of unemployment is called
A)historical unemployment.
B)frictional unemployment.
C)natural rate of unemployment.
D)cyclical unemployment.
E)structural unemployment.

Question

Quizplus · Accepted Answer

Structural unemployment is the type of unemployment that occurs due to changes in technology or the structure of the economy, leading to an imbalance between the skills workers have and the skills demanded by employers. It is a long-term phenomenon and does not depend on the overall health of the economy.

Workers with Experience and Skills Sometimes Lose Their Jobs and Become