Unemployment

1. Type of unemployment caused by changes in technology or industry structure — workers’ skills no longer match jobs.
7. When people move abroad for work — a form of brain drain.
8. Vocational helps workers gain new skills to re-enter the workforce.
9. Poor systems lead to mismatch of skills, causing structural unemployment.
11. Investment in boosts employment opportunities and reduces cyclical unemployment.
13. Government can use fiscal or monetary to increase employment.
15. Training programs and re-skilling can help reduce unemployment.
16. Economic causes cyclical unemployment due to falling demand.
18. One cause of structural unemployment — rapid replacing human labor.
19. Consumer affects the number of available jobs in cyclical unemployment.

2. Occurs when wages are set above equilibrium, making employers hire fewer workers.
3. Occurs when workers move between jobs or enter the labor force for the first time.
4. Government can provide to industries to prevent layoffs.
5. Government may encourage this to boost job creation in the economy.
6. Reduce cyclical unemployment through spending.
10. Type of unemployment linked to a fall in overall demand during an economic downturn.
12. When people lose jobs because of declining tourism, it’s an example of seasonal unemployment.
14. Inflation may worsen real-wage unemployment if wages fail to adjust.
15. Occurs when people are out of work during off-peak seasons, such as in agriculture or tourism.
17. One key cause of frictional unemployment — people searching for better.