7 Different Types of Unemployment

Despite the government trying to keep unemployment low, unemployment exists when people who are willing and able to work cannot find a job. Being jobless provides no money. Specifically, there are seven different types of unemployment:

  1. Cyclical unemployment
  2. Structural unemployment
  3. Frictional unemployment
  4. Technological unemployment
  5. Regional unemployment
  6. Seasonal unemployment
  7. Voluntary unemployment

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