Name any four kinds of unemployment?
Question: Name any four kinds of unemployment?
The four types of unemployment are:-
1. Frictional unemployment: This type of unemployment is a temporary period of joblessness that occurs when individuals are in-between jobs. It is usually the result of workers moving between jobs, looking for better employment opportunities or transitioning from education to employment.
2. Structural unemployment: This type of unemployment occurs due to changes in the economy or industry, making certain skills or job positions no longer in demand. It arises when workers do not have the necessary skills or experience to fill the jobs that are currently available.
3. Cyclical unemployment: This type of unemployment occurs due to fluctuations in the business cycle, where there is a downturn in the economy, and businesses must lay off workers due to a decrease in demand for their products or services.
4. Seasonal unemployment: This type of unemployment occurs due to fluctuations in demand for labor during certain times of the year. It is usually associated with industries such as tourism, agriculture, and construction, where demand for labor varies depending on the season.
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