Structural Unemployment
Unemployment resulting from changes in the basic composition of the economy. These changes simultaneously open new positions for trained workers. Investopedia Says:
An example of structural unemployment is the technological revolution. Computers may have eliminated jobs, but they also opened up new positions for those who have the skills to operate the computers. Related Terms:
Coincident Indicator
Cyclical Unemployment
Discouraged Worker
Frictional Unemployment
Full Employment
Lagging Indicator
Natural Unemployment |