"structural unemployment" vs "cyclical unemployment"

Question

"structural unemployment" vs "cyclical unemployment"

These two phrases, 'structural unemployment' and 'cyclical unemployment,' are related but refer to different types of unemployment. 'Structural unemployment' occurs when there is a mismatch between the skills of the workforce and the requirements of the job market, leading to long-term unemployment. On the other hand, 'cyclical unemployment' is related to fluctuations in the business cycle, where unemployment rises during economic downturns and falls during periods of economic growth. They are not interchangeable and are used in specific economic contexts.

Last Updated: March 24, 2024

This term is used in economics to refer to unemployment resulting from a mismatch between the skills of the workforce and the demands of the job market. It is a long-term form of unemployment.

Examples:

Structural unemployment can be addressed through retraining programs and education initiatives.

Alternatives:

long-term unemployment
skills gap in the job market
labor market mismatch
structural changes in the economy

This term is used in economics to describe unemployment that rises during economic downturns and falls during periods of economic growth. It is directly related to the business cycle.

Examples:

Cyclical unemployment tends to increase during recessions and decrease during economic expansions.

Alternatives:

business cycle unemployment
economic cycle unemployment
fluctuating unemployment

Answer 1

structural unemployment

This phrase is correct and commonly used in economics to describe a type of unemployment caused by structural changes in the economy.

Answer 2

cyclical unemployment

This phrase is correct and commonly used in economics to describe a type of unemployment that fluctuates with the business cycle.

"structural unemployment" vs "cyclical unemployment"

structural unemployment

cyclical unemployment

Related Comparisons