compared to older workers, younger workers change jobs more frequently, so they are more prone to unemployment; also, younger workers have fewer skills, so they are more prone to unemployment. multiple choice none of the other answers are correct. frictional; structural frictional; cyclical structural; frictional cyclical; frictional

Respuesta :

Compared to older workers, younger people change occupations more frequently, which renders them more susceptible to frictional unemployment. Additionally, because they possess fewer abilities, they are more susceptible to structural unemployment.

What does economic theory define as frictional unemployment?

Workers who are transferring from one job to another or looking for new employment experience frictional unemployment. As a result of its lack of a direct connection to the causes of a struggling economy, it is also sometimes referred to as "natural unemployment."

What does structural unemployment mean in its literal sense?

The term "structurally unemployed" refers to those who are unable to relocate because they either don't have the skills required for the position or live too far away from the locations where opportunities are available. Despite the fact that there are available employment, there is a huge disparity between what companies need and what people can offer.

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