HSC Together Year 12 Economics: Types and Causes: Cyclical, structural, frictional, seasonal, underemployment, hidden, long term

Economics

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Types and Causes: Cyclical, structural, frictional, seasonal, underemployment, hidden, long term

Unemployment refers to working age (15-64) people actively seeking employment but are unable to find it. There are seven main types of unemployment you study in HSC Economics:

  • Cyclical
  • Structural
  • Frictional
  • Seasonal
  • Underemployment
  • Hidden
  • Long term

Watch the video to learn more about the types of unemployment:

 

Now watch a video on what causes these types of unemployment:

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