Question

List the 4 types of unemployment. Which type of unemployment do you think would be the hardest to overcome? Why?

Answer 1

I feel as though structural unemployment is the worst. It is harder to correct than other types of unemployment. If it was ignored by policy makers, unemployment rates will go up. In the U.S it increases income equality.

Frictional, Structural, Cyclical, and Seasonal Unemployment are the 4 types.