As I noted in a previous post, economists define three types of unemployment: frictional, structural, and cyclical: Frictional unemployment is defined as the unemployment that occurs because of people ...

Discover how the Great Recession caused shifts in structural unemployment, transforming job markets and leaving lasting economic impacts beyond cyclical trends.

The economic blogosphere has suddenly become very concerned about the possibility that structural unemployment – resulting from a mismatch between the needs of employers and the capabilities of ...

Cyclical and structural unemployment can be hard to tell apart. For example, suppose that a business owner would like to hire someone to operate a complicated piece of machinery, and needs someone ...