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structural unemployment

   Also found in: Financial, Wikipedia 0.01 sec.
structural unemployment
n
(Economics) Economics unemployment resulting from changes in the structure of an industry as a result of changes in either technology or taste


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The issues of population growth and structural unemployment, are central to the Saudi growth story and we expect them to be of primary concern to policymakers over the medium-to-long term.
Having so many people out of work has significant economic costs, ranging from lower private demand to a decline in potential growth if structural unemployment rises," he said.
According to the study, this would be structural unemployment as these Saudis would not be qualified to do the jobs done by expatriates.
 
 
 
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