Types of UNEMPLOYMENT
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Real Wage Unemployment
Example of Real Wage Unemployment
Causes of Real Wage Unemployment
Solutions to Real Wage Unemployment
Cyclical Unemployment
Example of Cyclical Unemployment
Causes of Cyclical Unemployment
Solutions to Cyclical Unemployment
Frictional Unemployment
Example of Frictional Unemployment
Causes of Frictional Unemployment
Solutions to Frictional Unemployment
Structural Unemployment
Example of Structural Unemployment
Causes of Structural Unemployment
Solutions to Structural Unemployment
Geographical Unemployment
Example of Geographical Unemployment
Causes of Geographical Unemployment
Solutions to Geographical Unemployment
Causes of Cyclical Unemployment
The cause of cyclical unemployment is the downturn or recession of the business cycle, when demand for goods and services in that industry decline and the companies are forced to lay off their workers to maintain profits.