Unemployment that results because the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one is called
A)the natural rate of unemployment.
B)cyclical unemployment.
C)structural unemployment.
D)frictional unemployment.

Question

Quizplus · Accepted Answer

Structural unemployment occurs when there is a mismatch between the skills of job seekers and the requirements of available jobs, or when there are structural changes in the economy that lead to a permanent decline in demand for certain types of jobs. This type of unemployment is not caused by economic fluctuations or business cycles, but by more fundamental factors in the labor market. Therefore, it best describes the situation where the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one.

Unemployment That Results Because the Number of Jobs Available in Some