Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Our platform offers a seamless experience for finding reliable answers from a network of experienced professionals. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
Unemployment is the result of workers losing their jobs, which, in turn, leads to an increase in cyclical unemployment due to an economic downturn, but if unemployment persists for many years, it can lead to structural unemployment.
- the difference between the natural unemployment unemployment due to workers coming and going or searching for other work) and the current rate (the total amount of unemployed).
The cyclical unemployment
The cyclical unemployment rate is the difference between the natural unemployment rate (unemployment due to workers coming and going or searching for other work) and the current rate (the total amount of unemployed). It's difficult to look at data and determine why each person is unemployed.
Therefore, a cyclical unemployment rate is the difference between the natural unemployment rate and the current rate.
learn more about cyclic unemployment from here: https://brainly.com/question/7955208
We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.