It is inevitable in a dynamic economy

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In times of recession, companies produce less and therefore need less labor, leading to an increase in the number of unemployed. Structural unemployment: it is due to profound changes in the structure of the economy, such as deindustrialization, tertiarization or technological developments. These transformations can make certain jobs obsolete and create a mismatch between workers' skills and the needs of the labor market. Frictional unemployment: This is the time it takes for a worker to find a new job after being laid off or resigning.


And is often considered an indicator of a healthy labor market. australia whatsapp number database If you want to know more about the different forms of unemployment, we recommend you read this article on unemployment . Factors influencing the unemployment rate Unemployment is a multifactorial phenomenon, resulting from the interaction of many elements. Among the main factors that influence the unemployment rate, we can cite: Economic growth: Strong and sustainable growth generally means job creation and reduced unemployment.


Conversely, when the economy slows down, the number of unemployed people tends to increase. Demographics: Population structure can impact unemployment. For example, countries with an ageing population may experience increased youth unemployment if job vacancies do not match their profile or expectations. Public policies: governments have a key role to play in the fight against unemployment, particularly through the implementation of training policies, hiring incentives and support for businesses. Labor market institutions: The legal and institutional framework of the labor market can also influence the unemployment rate.