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Unemployment, Work Force - Coggle Diagram
Unemployment
Disguised Unemployment
situation where individuals appear to be employed but are actually underutilized or their productivity is significantly below potential
Causes: Over employment, family owning farms where everyone works, etc.
Structural Unemployment
due to a mismatch between the skills possessed by job seekers and the requirements of available jobs or the location of available jobs.
Reasons: Technological changes, geographic mobility, etc.
Frictional Unemployment
temporary period individuals spend transitioning between jobs or entering the workforce for the first time
like fresh Graduates, changing companies, etc.
Cyclical Unemployment
due to fluctuations in the business cycle, specifically downturns or recessions in the economy
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