What different types of unemployment are there?

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Youth Career Management (YCM) reports that: There are 4 types of unemployment that are cyclical unemployment, structural unemployment, frictional unemployment and seasonal unemployment. We will explain these 4 types of unemployment.

Cyclical unemployment

Unemployment is hereby due to the spending down. People have a smaller amount to spend. Because the spending decline there is less need to be produced. This in turn has caused a decline in employment. People have a lower income and therefore have less to spend so this leads to a decrease in employment. But spending is not only to consumer spending but also spending by businesses and government. This unemployment is related to the developments on the demand side of the economy.

Structuralunemployment

This unemployment is slightly more complicated. Causes may include:

- A deterioration of international competitiveness, the profits of the Dutch companies will drop, and they have therefore also less money for staff.

- A low level of education, this leads to deterioration in competitiveness. Because low-skilled people can not innovation take place. Innovation is developing new or improved production processes.

- Disability, people who sit in the disability are unable to work.

- A lack of labor mobility and poor employment, people do not move for a better job, if they in their residence to their meaning. And not just suitable workers change jobs if they do not even know if their net income there is on going forward.

Friction Unemployment

This involves a short time unemployed. If young people leave school they need time for a new job, finding a job just takes time. And the first 3 months when you're unemployed, you are regarded as frictional unemployment. The characteristic of frictional unemployment is that there is work but it takes a while before someone finds it.

Seasonal Unemployment

In winter months there is no work in certain jobs in generosity, construction and agriculture. The seasonal unemployment has something to do with the season. In the summer there is much more work in a nightclub than in winter because in the summer a lot more tourists.

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