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4 Cards in this Set
- Front
- Back
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Frictional |
When you lose a job, then get a new one. Only between jobs for a very short time and you don't pay benefits. |
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Seasonal |
When you finish doing your seasonal job (e.g. Santa) after demand goes down. You could be unemployed for a few months. |
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Cyclical |
During a recession, jobs are lost across many industries and areas. It can be a long unemployment depending on how long the country takes to recover. |
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Structural |
A whole industry is lost. Everyone who worked there is now unemployed, and their skills are no longer required e.g. coal mining in the UK. |
