Work (2)

Unemployment is a strong indicator of a country's overall economic health and an unemployment 1)________of between 3.5% and 4.5% is normal even in a healthy economy.

Unemployment can be divided into three categories: frictional, structural and cyclical. Frictional unemployment refers to people in the 2) ______ market who have left jobs voluntarily or are seeking work for the first time such as new graduates, parents returning from leave, or people who are moving to new area.

This type of unemployment is typically 3)_____ , lasting only a few months.

In contrast, structural unemployment affects people who have lost their jobs due to advances in technology or outsourcing, and is usually long term. These workers will often need to be 4)_____if they want to re-enter the workforce.

Finally, cyclical unemployment occurs when there is a decreased demand for products and services. This forces employers to make workers 5)_____ and is associated with economies in recession.