unemployment occurs because of structural changes within the economy caused by changes with technology or changes with demand for goods and services
Cyclical Unemployment
occurs with changes in the economic activity over the business cycle.
During an economic downturn there is a lack of demand for goods and services which results in businesses reducing there amount of workers which results in more people looking for work.
e.g COVID-19
Frictional Unemployment
Represents the people who are temporarily unemployed as they have finished one job but not ready to start a new one.
Seasonal Unemployment
Occurs during predictable and regular times throughout the year because of some jobs seasonal nature
