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What is Structural Unemployment? (Easiest Explanation)
4:09
YouTubeHelpful Professor Explains!
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 ...
115 views3 months ago
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