What is the difference between seasonal unemployment and structural unemployment?
Understand the Problem
The question is asking to explain the distinctions between two types of unemployment: seasonal unemployment, which is related to seasonal changes in demand for labor, and structural unemployment, which occurs due to changes in the economy that create a mismatch between skills and job requirements.
Answer
Seasonal unemployment is due to seasonal changes; structural unemployment is due to skill mismatches.
Seasonal unemployment occurs due to regular changes in the season, affecting industries like agriculture and tourism. Structural unemployment arises from a mismatch between the skills of workers and job requirements, often due to technological advancement or changes in the economy.
Answer for screen readers
Seasonal unemployment occurs due to regular changes in the season, affecting industries like agriculture and tourism. Structural unemployment arises from a mismatch between the skills of workers and job requirements, often due to technological advancement or changes in the economy.
More Information
Seasonal unemployment is temporary and predictable, while structural unemployment can be more long-lasting and is often harder to address.
Tips
Confusing cyclical and structural unemployment; cyclical is related to economic downswings, not skill mismatches.
Sources
- What is the difference between seasonal unemployment and structural unemployment? - homework.study.com
- Types of Unemployment - The Balance - thebalancemoney.com
- Structural Unemployment: Definition, Causes, and Examples - investopedia.com
