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Frictional Unemployment
Short-term unemployment that arises from the process of matching workers with jobs and occurs even in healthy economies.
Assembly Line
A manufacturing process in which parts are added to a product in a sequential manner to create a finished product much more efficiently than with individual craftsmanship.
Cyclically Unemployed
Individuals who are unemployed due to the downturn in the business cycle, such as during a recession.
Structurally Unemployed
Individuals who are unemployed due to a mismatch between their skills and the requirements of the current job market, often because of technological changes or shifts in the economy.
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