discussion dd- week2 - There are three types of...

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There are three types of unemployment that most economists refer to, those types are Frictional, Cyclical, and Structural. “Cold-hearted economists are not too worried about the first two, which refer to people moving between jobs and those temporarily laid-off during a downturn.” (Three Types, 2014). While frictional is of the least worried about by economists due to it primarily deals with unemployment from a transitional period that could be just entering the work force, changing careers, and moving locations. As for businesses, they are not impacted by this type of unemployment. Cyclical unemployment is temporary in nature, thus not a big issue to the economy as a whole for a long period of time. As the economy is at a standstill or falls temporarily it may cause workers to be laid-off from a downturn in goods and services not being needed. As the economy levels back to the original position it was at prior to the brief recession it will pick up the work force that was once pushed out due to unnecessity.
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