NOTE
Unemployment
English translation of the original VNote “Unemployment”, preserving its structure with only necessary small corrections.
This is a historical learning note and may contain outdated or incomplete understanding.
Note: This preserves the original VNote structure and wording as much as possible. Only clear errors or statistical/institutional definitions that have changed are corrected.
1. Classification of Unemployment
1.1. Natural Unemployment
1.1.1. Frictional Unemployment
Unemployment that occurs while people leave one job and spend time searching for another.
1.1.2. Structural Unemployment
Unemployment caused by changes in market competition or production technology, often because some industries expand while others contract. It can last longer than frictional unemployment because workers may need retraining or relocation.