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Investments glossary

Structural Unemployment


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Quotes of the day:

To keep a lamp burning we have to keep putting oil in it.

— Mother Teresa

Structural unemployment is a longer-lasting form of unemployment caused by fundamental shifts in an economy and exacerbated by extraneous factors such as technology, competition, and government policy. Structural unemployment occurs because workers’ lack the requisite job skills or workers live too far from regions where jobs are available and cannot move closer. Jobs are available, but there is a serious mismatch between what companies need and what workers can offer.

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