- Involuntary unemployment; it occurs when people are actively looking for jobs at the existing
wage rate but cannot get
them.
- Disguised unemployment; occurs when the number of people employed exceeds those that are
required and workers
full capabilities are not fully utilized
- Frictional unemployment; it occurs when people lose jobs and go looking for new ones
- Residual unemployment; affects people who are physically or mentally challenged as employers
may find it difficult to
employ them
- Structural unemployment; occurs when demand for labor declines do to either changes in the
method of production or
a decrease in supply of goods and services
gideon1 answered the question on October 2, 2017 at 16:58
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October 1, 2017
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