Question : Unemployment arising due to a mismatch between job availability in the market and the skills of available workers is called ___________?
Option 1: seasonal
Option 2: structural
Option 3: economical
Option 4: frictional
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Correct Answer: structural
Solution : The correct answer is structural.
The situation where there is a misalignment between the skills possessed by the available workforce and the skills required by the available jobs in the market is commonly referred to as "structural unemployment." Structural unemployment occurs when there is a disconnect or mismatch between the skills, qualifications, or location of job seekers and the requirements of job openings.
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