examples of cyclical and structural unemployment?
Example of cyclical unemployment: the loss of construction jobs during the 2008 financial crisis. As the housing crisis unfolded, home builders stopped constructing new homes. [
Example of structural unemployment: Natural disasters, such as hurricanes, have wiped out entire industries in geographic regions leaving the workforce structurally unemployed.
]
Question
Asked 8/28/2013 5:30:37 PM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Rating
There are no new answers.
