4.2.2 Types of Unemployment

• What does unemployment refer to?

  Being without a job
• What often causes structural unemployment?

  Technological change
• What type of unemployment results from a mismatch between worker skills and job requirements?

  Structural unemployment
• Order the types of unemployment from shortest to longest duration:

  1️⃣ Frictional

  2️⃣ Seasonal

  3️⃣ Cyclical

  4️⃣ Structural
• What is the primary cause of cyclical unemployment?

  Fluctuations in demand
• Frictional Unemployment is caused by people changing jobs
• Cyclical unemployment increases during economic recessions.


  True
• Match the cause with its description for frictional unemployment:

  Job Changes ↔️ Individuals seek better opportunities

  New Workforce Entrants ↔️ Recent graduates look for jobs

  Information Gaps ↔️ Imperfect knowledge about jobs
• Structural unemployment is more difficult to resolve than frictional unemployment because it often requires retraining
• Frictional unemployment is considered a natural and healthy part of the labor market.

  True
• Match the type of unemployment with its duration:

  Frictional ↔️ Short-term

  Structural ↔️ Long-term

  Cyclical ↔️ Medium-term

  Seasonal ↔️ Recurring, short-term