Скачать или смотреть What is Structural Unemployment? (Easiest Explanation)

Structural unemployment refers to a long-term form of unemployment that arises when there is a mismatch between the skills of the workforce and the needs of the job market. This type of unemployment can occur due to technological advances, changes in consumer demand, or shifts in the economy that render certain skills obsolete. Unlike cyclical unemployment, which is related to economic downturns, structural unemployment persists even during periods of economic growth, as it reflects fundamental changes in the labor market. Addressing structural unemployment often requires targeted retraining programs and education initiatives to help workers acquire the skills needed for current job opportunities.