parket data suggest the disconnect is particularly acute thi

parket data suggest the disconnect is particularly acute this time. Since the recovery began, the number of job openings filled as they appear. Some 5 million more workers would be employed and the unemployment rate would be instead of 95%. The 5 million workers who can risen more than twice as fast as actual hires. If the job market were working normally, openings would be geting 8%, not find jobs because of mismatching of skills in the labour market are esperiencing what type of unemployment? Explain what might be done correct this problem. (3 Marks)

Solution

Ans:

The unemployment experienced by the labor market is structural unemployment.

Structural unemployment is the unemployment caused due to mismatch between the jobs available and the skill levels of the unemployed.Hence technological advancement and industrial reorganization will cause structural unemployment.

In order to overcome structural unemployment, we should conduct training programs for structurally unemployed.Programs that help structurally unemployed to relocate to areas where there are employment opportunities should be implemented.