Unemployment

Question 2 • VT-GA-EOC-Personal Finance & Economics B ULHS

What is the difference between seasonal unemployment and structural unemployment?

Answer

Seasonal unemployment occurs because of schedules, whereas structural occurs because people lack skills.

Seasonal unemployment is rare in a modern society, whereas structural is not.

Seasonal unemployment occurs only in the summer, whereas structural can occur all year round.

Seasonal unemployment is generally among low-paid workers, whereas structural is among the highly paid.

Explanation

Seasonal unemployment happens when work is available only during certain seasons or follows a seasonal schedule, such as some agricultural or tourism jobs. Structural unemployment occurs when workers’ skills or qualifications do not match the jobs available. Therefore, choice A correctly distinguishes seasonal unemployment from structural unemployment.

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