Policy that is intended to provide skills training for unemployed individuals is primarily intended to reduce?

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03-08-2022
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Policy that is intended to provide skills training for unemployed individuals is primarily intended to reduce?

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Smecloudbird18idn Smecloudbird18idn · Answer 1 · 2022-08-16T11:11:37-04:00

Policy that is intended to provide skills training for unemployed individuals is primarily intended to reduce frictional unemployment.

Frictional unemployment is the result of voluntary employment transitions within an economy. Frictional unemployment generally occurs in a growing and stable economy.

Workers who are choosing to leave their jobs in search of new ones and workers who are entering the workforce for the first time constitute frictional unemployment.

It does not include workers who remain in their current job until finding a new one.

It contributes to the overall employment picture and is also a part of natural unemployment, which is considered as the minimum unemployment rate in an economy due to economic forces and movement of labor.

To know more about frictional unemployment here:

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