Types+of+Unemployment

=Types of Unemployment =

** Frictional Unemployment ** 
 * Occurs when workers are moving from one job to another
 * Is considered a healthy part of an economy
 * Is a signal that new jobs in new industries are becoming available

** Structural Unemployment ** 
 * Unemployment that occurs as a result of changes in technology or in the way the economy is structured
 * Technological advances and shifts in consumers' tastes can result in the change or decline of entire industries
 * Some industries decline and even disappear as natural resources in a region are used up

** Seasonal Unemployment ** 
 * Unemployment that results from seasonal fluctuations in the economy
 * Result of regular occurences such as holidays, the school year, harvest schedules, and industry production schedules
 * Agricultural workers are particularly affected by this type of unemployment

<span style="font-family: 'Lucida Sans Unicode', 'Lucida Grande', sans-serif;">** Cyclical Unemployment ** <span style="font-family: 'Lucida Sans Unicode', 'Lucida Grande', sans-serif;"> <span style="font-family: 'Lucida Sans Unicode', 'Lucida Grande', sans-serif;">
 * <span style="font-family: 'Lucida Sans Unicode', 'Lucida Grande', sans-serif;">Unemployment resulting from recessions and economic downturns
 * <span style="font-family: 'Lucida Sans Unicode', 'Lucida Grande', sans-serif;">Is the most harmful type of unemployment
 * <span style="font-family: 'Lucida Sans Unicode', 'Lucida Grande', sans-serif;">When sales decline, producers reduce output and lay off workers