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YOU’RE UNEMPLOYED :
IS IT YOUR FAULT?
NOT
ALWAYS
Let’s elaborate on this with a
discussion of the basic and
specific types of unemployment.
Involuntary – You got laid
off and you need to look for
a new job.
Unemployment can be broken down
into two primary types:...
You’re unemployed because
you need time to look for
a (or another) job.
FRICTIONAL Unemployment1
Move to a new city or country
Frictional unemployment
occurs when you:
Quit your job to look for a
better opportunity
Grad...
CyclicalUnemployment2
You’re unemployed because
the company doesn’t
currently have
a high demand for work.
Case in point:
Source: Reuters
Malaysian Airlines
MH17 was
shot down in
Ukraine in
July 2014
Company
Loss
MH370
disappeare...
StructuralUnemployment3
You are unemployed because
your skills, experience and
qualifications don’t match
existing job opp...
Factors that cause
structural unemployment
Technology
You know manual
bookkeeping but
the company prefers
a QuickBooks exp...
SEASONALUNEMPLOYMENT4
You’re unemployed because
your services are not
needed all year round.
Examples of seasonal jobs
Gift wrappers during Christmas holidays
Ski staff in winter
Theme park attendants in summer
Slappy White,
The Mammoth Book of Zingers, Quips, and One-Liners
“The trouble with unemployment is
that the minute you wak...
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You’re unemployed because you need You're Unemployed: Is It Your Fault?

You’re unemployed because
you need time to look for
a (or another) job.
FRICTIONAL Unemployment1

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