How do frictional and structional unemployment differ? Give an example of each?
Frictional unemployment involves people in the midst of transiting between jobs, searching for new ones; Structural unemployment is a form of unemployment resulting from a mismatch between the sufficiently skilled workers seeking employment. ChaCha On!
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About Unemployment
Unemployment is the state of being able and willing to work, but not finding a job. Unemployment statistics are followed closely by economists to gauge the health of the economy.
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