Question

What type of unemployment arises from a mismatch between the jobs available in some labor markets and the skills of workers?

a) Frictional unemployment
b) Structural unemployment
c) Cyclical unemployment
d) Seasonal unemployment

Answer 1

Structural unemployment arises from a mismatch between the jobs available in some labor markets and the skills of workers.

Step-by-step explanation:

Structural unemployment arises from a mismatch between the jobs available in some labor markets and the skills of workers. This can happen when there is a societal level of disjuncture between people seeking jobs and the available jobs, such as geographic or technological differences. For example, if skilled workers are replaced by machines in the auto industry, it can lead to structural unemployment. Similarly, if there is a sudden change in the types of jobs people are seeking versus the types of companies that are hiring, it can also result in structural unemployment.