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Logic3O1
Frictional unemployment. This is unemployment caused by the time people take to move between jobs, e.g. graduates or people changing jobs. ...
Structural unemployment. ...
Classical or real wage unemployment: ...
Voluntary unemployment. ...
Demand deficient or “Cyclical unemployment”

There are numerous reasons of unemployment and some of the reasons are as follows:

  • Global recession
  • Lack of interest for entrepreneurship.

What is unemployment?

This is a state of being unemployed and being available for work during the reference period.

Global recession is a state that affects the economic output of a country or state and thereby placing a lot of individuals in the unemployed status.

Lack of entrepreneurship has led many individuals into the state of being unemployed. Many young people do not want to work for themselves and get involved in things that would make them more financially responsible.

Hence the reasons of unemployment which are Global recession and lack of interest for entrepreneurship.

Read more about unemployment here:

https://brainly.com/question/13628349

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