Sunday, September 14, 2008

Structural Unemployment

Structural unemployment occurs when workers have job skills that do not match the skills required by available jobs. If a U.S. steel mill closes, for example, the steelworkers are likely to become structurally unemployed. There may not be enough jobs in the U.S. steel industry for all of the Americans who are trained to work in the production of steel. The remedy for structural unemployment is anything to improve the ability of these workers to acquire additional education and skills training, such as improved financial aid for attending college or vocational school.

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