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Sunday, April 22, 2007



What's the best & the worst type of unemployment

Mr. Wolf was once flipping burgers in Mcdonald. However, maybe because he is stupid, after a while he found himself not suitable for the job. Finally, he quit and looked for a new job. Within a few week, he found a job as a garbage collector. He has experienced a period of frictional unemployment during the few weeks. This is the best type of unemployment type, because it happens very often between two jobs as a worker looks for a new job.


Mr. Wolf is a new immigrant from a foreign country. He worked as a miner before he moved to vancouver. However, mining industry is not popular in Vancouver. As a result, he finds that there's not any suitable job which matches his skills. He is experiencing structural unemployment for a period of time. If he wants to get a job in other industries, he needs to pick up new skills. This is likely to be costly and may take a very long time in order to get him back to labour market. So, structural unemployment is the worst type of unemployment.

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