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Which type of unemployment is defined as people losing their jobs because their skill is no longer in demand?

cyclical

frictional

rotational

structural

Verified Answer :

WorldlyGlass49

The correct answer is structural.

In structural unemployment, many people lose their jobs because their jobs have become obsolete and therefore they cannot do anything useful for the community.

"Structural" unemployment is defined as people losing their jobs because their skill is no longer in demand.


Structural unemployment is a more extended enduring type of unemployment brought about by key moves in an economy and exacerbated by unessential factors, for example, innovation, rivalry and government approach. Reasons why structural unemployment happens incorporate specialists' absence of imperative activity abilities or that laborers live excessively a long way from districts where occupations are accessible and can't draw nearer. Occupations are accessible, yet there is a genuine befuddle between what organizations require and what laborers can offer.  


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