Tag Archives | Types of Unemployment

The following points highlight the five main types of unemployment that occurs in the economy. The types are: 1. Frictional Unemployment 2. Structural Unemployment 3. Cyclical Unemployment 4. Seasonal Unemployment 5. Disguised Unemployment. Type # 1. Frictional Unemployment: It occurs when changing demand patterns in an economy dislocate existing production patterns to the extent that labour becomes redundent. Due to [...]