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- Factors contributing to unemployment include123:
- Economic fluctuations: These can lead to unemployment.
- Technological advancement: While driving progress and efficiency, it can also cause structural unemployment.
- Globalization: Changes in the global economy can impact job availability.
- Lack of access to education and training: Skills mismatch can result in unemployment.
- Discrimination and bias: These factors can affect employment opportunities.
- Frictional unemployment: Caused by people moving between jobs.
- Structural unemployment: Due to a mismatch of skills in the labor market.
- Classical or real-wage unemployment: When wages are too high for the available jobs.
- Voluntary unemployment: When individuals choose not to work.
- Demand deficient or “Cyclical unemployment”: Linked to economic downturns.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.There are seven causes of unemployment. Four causes create frictional unemployment. This type of unemployment is when employees leave their jobs to find a better one. Two causes create structural unemployment. That is when workers' skills or income requirements no longer match the jobs available. The seventh cause leads to cyclical unemployment.www.thebalancemoney.com/causes-of-unemploym…Causes of Unemployment
- Economic Fluctuations Economic fluctuations are a significant contributor to unemployment, which acts as a barometer for the health of a job market. ...
www.generation.org/news/understanding-unemplo…Main causes of unemployment
- 1. Frictional unemployment This is unemployment caused by the time people take to move between jobs, e.g. graduates or people changing jobs. ...
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