ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Manufacturing industries, and fruit-picking labor markets are examples of structural unemployment. One of the main disadvantages of structural unemployment is creating inefficiencies in the economy.

Detailed explanation-2: -An example of cyclical unemployment is when construction workers were laid off during the Great Recession following the financial crisis of 2008. With the housing market struggling, construction of new homes fell dramatically, leading to a rise in cyclical unemployment for construction workers.

Detailed explanation-3: -Frictional unemployment: the natural unemployment people experience when they’re between jobs. Cyclical unemployment: when the economy is doing well, more jobs are created; when it’s in a downturn, many people wind up being laid off.

Detailed explanation-4: -Seasonal unemployment. Frictional unemployment. Cyclical unemployment. Structural unemployment.