As one of the major types of unemployment, structural unemployment can contribute to keeping the unemployment rate high. It mainly occurs due to the technological innovations, migration, competition and the government policies such as trade agreements. The structural employment may happen at any phase of the business cycle. For example, structural unemployment is prevalent even during the period of expansion or high economic growth. In other words, it usually happens when employees are unable to find any jobs. Many economists consider structural employment as the long-lasting situation as it makes workers difficult to learn new technologies or migrate to […]
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