Question on: JAMB Economics - 2023
The type of unemployment that occurs when an individual cannot find job as a result of obsolete skill is
A
Structural unemployment
B
Cyclical unemployment
C
Seasonal unemployment
D
Frictional unemployment
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Correct Option: A
The type of unemployment that occurs when an individual cannot find a job due to obsolete or mismatched skills with the current demands of the job market is called structural unemployment.
Structural unemployment is often a result of technological changes, shifts in the economy, or changes in consumer preferences that render certain skills obsolete or less in demand.
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