According to the text, economists david gould, g.l. woodbridge, and roy ruffin examined the data on the relationship between increases in imports and the rate of unemployment. they found that there is not a casual link between increases in imports and the rate of unemployment
1. Lack of demand for labor
Demand deficit unemployment is the most common cause of unemployment during a recession.
2. Intermittent unemployment
The term "frictional unemployment" refers to workers who are between jobs. A worker who recently quit or was fired and is looking for work in a non-recessionary economy is an example.
3. Unemployment that is structural
Structural unemployment occurs when a worker's skill set does not match the skills demanded by the jobs available, or when workers are available but unable to travel to the geographical location of the jobs.
4. Unemployment by choice
When a worker decides to leave a job because it is no longer financially viable, this is referred to as voluntary unemployment.
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