Hello ,
Can Someone plz explain the types of unemployment
Structural: Unemployment that results from a mismatch between supply and demand for workers.
Frictional: A type of unemployment explained by people being temporarily between jobs, searching for new ones.
Seasonal: In this case, like that of cyclical unemployment, the number of job-seekers exceeds the number of vacancies.
Cyclical: This refers to unemployment that rises during economic downturns and falls when the economy improves.