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structural unemployment
noun
- unemployment caused by basic changes in the overall economy, as in demographics, technology, or industrial organization.
structural unemployment
noun
- economics unemployment resulting from changes in the structure of an industry as a result of changes in either technology or taste
structural unemployment
- Relatively long-lasting unemployment resulting from long-term shifts in economies and markets rather than short-term savings in economic conditions.
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Notes
Structural unemployment tends to develop around major changes in an economy, such as the move from an industrial to a technological economy. Workers displaced by the decline of the old economy tend not to be trained in fields suitable for the new economy, so they remain out of work.
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Word History and Origins
Origin of structural unemployment1
First recorded in 1960–65
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Example Sentences
But Zachary Karabell says it shows that structural unemployment—not monthly ups and downs—is the real problem.
From The Daily Beast
We have a problem in the United States, a problem of chronic structural unemployment.
From The Daily Beast
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