Question

List examples for each of the following.

1. Lost benefits associated with seasonal unemployment.

2. Lost benefits associated with frictional unemployment.

3. Lost benefits associated with structural unemployment.

Answer 1

# Seasonal Unemployment:-

It is caused by different industries or parts of the labor market being available during different seasons. For example- Unemployment goes up in the winter months, because many agricultural jobs end once crops are harvested in the fall and those workers who were previously engaged in such activities are left to find new jobs. This is seasonal unemployment where in perticular seasons people find work. Rest of the time they either stay jobless or they need to find new work.

# Frictional Unemployment:-

Frictional unemployment is caused by temporary transitions in worker's lives such as when a worker moves to a different city to find work. Also it includes freshers who have just entered the labor force after their graduation.

For example:- ank posted its vacancies which are around 12000. But the candidates who are applying for it is around 2,00,000. So this simply reflects that out of those 200,000 only 12,000 will get the job and the rest will be left unemployed for that period of time.

# Structural Unemployment:-

It is caused by a mismatch in the demographies of workers and the tyopes of jobs available, either when there are jobs available that workers donts have the skills for, or when there are available workers then there are no jobs.

For example- In farming industry much of the workers is becoming mechanized, which means that fewer are needed and many are let go. When these farmers go to city to find work, they may not find other similar jobs for which they can apply for.

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