Bissoy.com
Doctors Medicines MCQs Q&A

What is unemployment due to mismatch in skills of the unemployed & skills needed for the available jobs?

What is unemployment due to mismatch in skills of the unemployed & skills needed for the available jobs? Correct Answer Structural Unemployment

The correct answer is Structural Unemployment.​

Key Points

  • Due to a mismatch in skills of the unemployed & skills needed for the available jobs Structural unemployment occurs.
  • Structural unemployment is basically a type of long-term unemployment caused by shifts in the economy.
  • Technological advances can cause some types of skilled labourers to become obsolete.
  • And this is the most common reason for structural unemployment in the country.​

Additional Information

  • Cyclical unemployment is the component of overall unemployment that results directly from cycles of economic upturn and downturn.
    • Unemployment typically rises during recessions and declines during economic expansions.
  • Frictional unemployment is the result of voluntary employment transitions within an economy.
    • Frictional unemployment naturally occurs, even in a growing, stable economy. Workers choosing to leave their jobs in search of new ones and workers entering the workforce for the first time constitute frictional unemployment.
  • Disguised Unemployment
    • Hidden unemployment does not impact the aggregate output of an economy.
    • An example would be a small family farm with ten employees doing the same work.
    • If three or four individuals were to discontinue working, the overall output of the farm would remain unchanged.

Related Questions

Consider the 5 × 5 matrix \[{\text{A}} = \left[ {\begin{array}{*{20}{c}} 1&2&3&4&5 \\ 5&1&2&3&4 \\ 4&5&1&2&3 \\ 3&4&5&1&2 \\ 2&3&4&5&1 \end{array}} \right
Which of the following pairs is/are correctly matched? 1. Disguised Unemployment: More people are employed than actually needed. 2. Structural Unemployment: Mismatch between the jobs and the skills of the available workers in the market. 3. Cyclical Unemployment: The time lag between two jobs. 4. Frictional Unemployment: Result of the business cycle
Select from the alternatives that combination of numbers, which will form a meaningful word if given letters are arranged accordingly. \(\begin{matrix} \ \ \ \text{A} & \rm R & \rm W & \rm L & \rm E & \rm K \\\ \downarrow & \downarrow & \downarrow & \downarrow & \downarrow & \downarrow \\\ \ \ 1 & 2 & 3 & 4 & 5 & 6 \end{matrix}\)
Eigen values of the matrix \[\left[ {\begin{array}{*{20}{c}} 0&1&0&0 \\ 1&0&0&0 \\ 0&0&0&{ - 2i} \\ 0&0&{2i}&0 \end{array}} \right
Let A be an m × n matrix and Ban n × m matrix. It is given that determinant ($$I$$m + AB) = determinant ($$I$$n + BA), where $$I$$k is the k × k identity matrix. Using the above property, the determinant of the matrix given below is
\[\left[ {\begin{array}{*{20}{c}} 2&1&1&1 \\ 1&2&1&1 \\ 1&1&2&1 \\ 1&1&1&2 \end{array}} \right
Which of the following facts about unemployment rates in Rajasthan is/are correct according to 68th round 2011-12 of National Sample Survey Organisation (NSSP) usual status adjusted (UPSS) mode? i) 0.9 percent males of total labour force are unemployed in rural areas. ii) 3.2 percent males of total labour force are unemployed in urban areas. iii) 3.1 percent persons of total labour force are unemployed in whole State. iv) Unemployment rates are much higher in rural areas than urban areas. 
”When a labour market is unable to provide jobs for everyone who wants one because there is a mismatch between the skills of workers and skills needed for jobs”.Identify the above mentioned unemployment type from options given below:
In a coded language “ADETP” is coded as “$&$&&” and “DTPQUV” is coded as “&&&&$&”? What is the code word for “&&$$&$”?
Two statements are given, followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at variance with commonly known facts, decide which of the conclusions logically follow(s) Statements: All teachers are researchers. No researcher is unemployed. Conclusions: I. Some unemployed are teachers. II. No teacher is unemployed. III. Some teachers are unemployed.
Study the following information and select appropriate logical conclusion based on it. The Consumer Pyramids Household Survey quantifies the sharp fall in the rate of growth of jobs for the better educated in recent years. Over the last three years - between early 2016 and late 2018 -38 million jobs were added for people who completed only primary education, that is up to 5th standard. This implied that jobs for these barely educated people increased by nearly 45% over these three years. In comparison, people who had acquired a little better education that is between 6th and 9th standard, saw an addition of much lesser 18 million jobs implying also a lower 26% increase in jobs for these people. People who had completed secondary-to-higher secondary school education - 10th, 11th or 12th - saw a growth of 13 million jobs reflecting only a 12% growth over a three years period.