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In some fields (such as technology) the unemployment rate for persons over 45 years old can be as high as 80%.
In some fields (such as technology) the unemployment rate for persons over 45 years old can be as high as 80%.
Three types of unemployment can be distinguished by their causes. '''Frictional''' unemployment is the normal churning of the job market; people enter the labor force from school or home, and spend time looking for the best job. '''Seasonal''' unemployment refers to jobs that operate at certain seasons, especially yn the construction and tourism industries. Teachers in the summertime are not counted as unemployed. The '''"normal unemployment rate'''" (frictional plus seasonal) is about 3% to 4%.
Three types of unemployment can be distinguished by their causes. '''Frictional''' unemployment is the normal churning of the job market; people enter the labor force from school or home, and spend time looking for the best job. '''Seasonal''' unemployment refers to jobs that operate at certain seasons, especially in the construction and tourism industries. Teachers in the summertime are not counted as unemployed. The '''"normal unemployment rate'''" (frictional plus seasonal) is about 3% to 4%.
'''Structural''' unemployment means a mis-match of jobs and workers. For example, there may be jobs in the cities and unemployment in mining or logging areas, but people are reluctant to move because of family ties. There may be jobs available in some fields but people who are unemployed lack the necessary skills. This is a structural problem solved by job training and education. Some structural unemployment is caused by policies such as the [[minimum wage]].
'''Structural''' unemployment means a mis-match of jobs and workers. For example, there may be jobs in the cities and unemployment in mining or logging areas, but people are reluctant to move because of family ties. There may be jobs available in some fields but people who are unemployed lack the necessary skills. This is a structural problem solved by job training and education. Some structural unemployment is caused by policies such as the [[minimum wage]].