Asked by Barrett Thompson on Jun 19, 2024

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Structural unemployment is often caused by

A) the recessionary stage of the business cycle.
B) changes in economic organization and production which make some jobs and job skills obsolete.
C) new labor force entrants.
D) striking workers.
E) layoffs associated with seasonal slowdowns in construction and other industries.

Structural Unemployment

Unemployment that occurs as a result of restructuring within industries, often brought on by advances in technology, as opposed to changes in market supply or demand.

Economic Organization

The structured system of production, distribution, and consumption of goods and services within a society or economy.

  • Outline the differences that exist between cyclical, structural, and frictional unemployment.
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MJ
Mohammad JawadJun 20, 2024
Final Answer :
B
Explanation :
Structural unemployment is caused by changes in economic organization and production which make some jobs and job skills obsolete. This can result in a mismatch between the skills possessed by workers seeking employment and the skills demanded by employers.