Types of Unemployment Explained

The video tutorial explores various types of unemployment, focusing on cyclical, structural, and frictional unemployment. Cyclical unemployment occurs due to a lack of demand in the economy, leading to reduced labor demand. Structural unemployment arises from labor immobility, either occupational or geographical. Frictional unemployment happens when workers are between jobs. The video also briefly covers seasonal and casual unemployment, as well as real wage unemployment, where wages are above equilibrium, causing excess labor supply.

What is the primary focus of the video tutorial?

• The impact of technology on jobs

• Five types of unemployment

• The history of unemployment

• The role of government in employment

What is another name for cyclical unemployment?

• Structural unemployment

• Seasonal unemployment

• Frictional unemployment

• Demand deficient unemployment

What causes cyclical unemployment?

• Seasonal changes

• High demand for labor

• Deficiency in aggregate demand

• Technological advancements

What is structural unemployment primarily concerned with?

• The supply of services

• The seasonal nature of jobs

• The demand for goods

• The immobility of labor

What is occupational immobility?

• Lack of necessary skills for jobs

• Seasonal job availability

• High demand for specific skills

• Inability to move geographically

What is frictional unemployment also known as?

• Search unemployment

• Seasonal unemployment

• Structural unemployment

• Cyclical unemployment

When does frictional unemployment occur?

• In specific seasons

• Due to technological changes

• When workers are between jobs

• During economic downturns

What type of unemployment is common among fruit pickers?

• Structural unemployment

• Seasonal unemployment

• Frictional unemployment

• Cyclical unemployment

What is casual unemployment?

• Unemployment due to lack of skills

• Unemployment due to seasonal changes

• Unemployment due to short-term contracts

• Unemployment due to economic downturns

What is real wage unemployment also known as?

• Frictional unemployment

• Cyclical unemployment

• Seasonal unemployment

• Classical unemployment