What does Structural unemployment mean?

Definitions for Structural unemployment
struc·tural unem·ploy·ment

This dictionary definitions page includes all the possible meanings, example usage and translations of the word Structural unemployment.

Wiktionary

  1. structural unemploymentnoun

    A type of unemployment explained by a mismatch between the requirements of the employers and the properties (such as skills, age, gender or location) of the unemployed.

  2. structural unemploymentnoun

    A type of unemployment explained by a mismatch between the requirements of the employers and the properties of the unemployed.

Wikipedia

  1. Structural unemployment

    Structural unemployment is a form of involuntary unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers (also known as the skills gap). Structural unemployment is often brought about by technological changes that make the job skills of many workers obsolete. Structural unemployment is one of three categories of unemployment distinguished by economists, the others being frictional unemployment and cyclical unemployment. Because it requires either migration or re-training, structural unemployment can be long-term and slow to fix.

Wikidata

  1. Structural unemployment

    Structural unemployment is a form of unemployment where, at a given wage, the quantity of labor supplied exceeds the quantity of labor demanded, because there is a fundamental mismatch between the number of people who want to work and the number of jobs that are available. The unemployed workers may lack the skills needed for the jobs, or they may not live in the part of the country or world where the jobs are available. Structural unemployment is one of the five major categories of unemployment distinguished by economists. Structural unemployment is generally considered to be one of the "permanent" types of unemployment, where improvement if possible, will only occur in the long run.

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Numerology

  1. Chaldean Numerology

    The numerical value of Structural unemployment in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of Structural unemployment in Pythagorean Numerology is: 2

Examples of Structural unemployment in a Sentence

  1. Mario Draghi:

    It does not eliminate the debt overhang that affects parts of the Union. It does not eliminate the high level of structural unemployment that haunts too many countries. And it does not eliminate the need for perfecting the institutional set-up of our monetary union.

  2. Mario Draghi:

    This is by no means the end of our challenges, and a cyclical recovery alone does not solve all of Europe’s problems, it does not eliminate the debt overhang that affects parts of the Union. It does not eliminate the high level of structural unemployment that haunts too many countries. And it does not eliminate the need for perfecting the institutional set-up of our monetary union.


Translations for Structural unemployment

From our Multilingual Translation Dictionary

  • संरचनात्मक बेरोजगारीHindi

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"Structural unemployment." Definitions.net. STANDS4 LLC, 2024. Web. 23 Jul 2024. <https://www.definitions.net/definition/Structural+unemployment>.

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