What are the two types of unemployment described in the news clip? Why is one of them

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What are the two types of unemployment described in the news clip? Why is one of them more worrying for officials in Singapore?

Singapore has been facing increasing unemployment due to a slowdown in economic growth and disruptive technological advances. However, officials are more worried about the latter, which is widening the gap between skills employees have and skills employers need. Employers are laying off employees due to the slowing economy and, at the same time, struggling to fill positions.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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