Which of the following statement about various types of unemployment is incorrect ........

Economic Affairs Employment related Issues

Which of the following statement about various types of unemployment is incorrect?

Structural unemployment refers to the unemployment due to collapse of the economy.

Frictional unemployment is the temporary unemployment faced by workers while changing or switching jobs.

Cyclical unemployment is the unemployment caused due to cyclical movements of the economy between periods of Boom and Recession.

Disguised unemployment refers to the situation in which a person though employed is not contributing to the production

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Explanation:

Structural unemployment occurs because of an absence of demand for a certain type of worker. This typically happens when there are mismatches between the skills employers want and the skills workers have. Major advances in technology, as well as finding lower costs of labor overseas, leads to this type of unemployment.