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Previously, youth unemployment stood at 22% while the unemployment rate for people in their 30's - 40's averages 4.5% Answer questions a-b to comprehensively analyse

Previously, youth unemployment stood at 22% while the unemployment rate for people in their 30's - 40's averages 4.5%


Answer questions a-b to comprehensively analyse the impact of changing unemployment on different groups in society.



a) define cyclical unemployment and explain which of youth and people in their 30's - 40's, are more likely to initially benefit from an upward swing in the business cycle.




b) define structural unemployment and explain which of youth and people in their 30's - 40's, are more likely to be structurally unemployed.

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Cyclical unemployment refers to the type of unemployment that occurs due to fluctuations in the business cycle It is directly linked to the overall economic conditions of a country or region During pe... blur-text-image

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