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Structural Unemployment: Definition And Examples
Structural Unemployment: Definition and Examples Unemployment is a significant issue that affects individuals, families, and economies around the world. While there are various types of unemployment, one particular type that poses unique challenges is structural unemployment. In this article, we will explore the definition of structural unemployment, its causes, and provide examples to help illustrate its impact. What is Structural Unemployment? Structural unemployment refers to a long-term and persistent unemployment that arises due to a mismatch between the skills and qualifications of job seekers and the available job opportunities in the market. Unlike other types of unemployment, such as cyclical or frictional unemployment, structural unemployment is not directly influenced by…