Identify and define the four different types of unemployment

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Identify and define the four different types of unemployment

Four Types of Unemployment: 1. Frictional Unemployment - occurs because it takes workers some time to move from one job to another. 2. Cyclical Unemployment - occurs during recessions 3. [ Structural Unemployment - occurs because some labor markets have more workers than there are jobs available 4. Seasonal Unemployment - when a person is unemployed because certain types of jobs are only available at certain times of the year. ]

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