structural unemployment
Structural unemployment is a type of unemployment that arises as a result of long-term changes in the structure of the economy, such as technological advancements or changes in consumer demand, which leads to a mismatch between the skills possessed by workers and the skills demanded by available jobs.
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Related Concepts (2)
Similar Concepts
- cyclical unemployment
- labor market structural reforms
- long-term unemployment
- seasonal unemployment
- structural deficit
- structural dynamics
- structural reforms
- structural stability
- technological unemployment
- underemployment
- unemployment
- unemployment crisis
- unemployment rates
- urban poverty
- wage stagnation