00:10
00:09
00:08
00:07
00:06
00:05
00:04
00:03
00:02
00:01
| a gadget; dingus; thingumbob. |
| a chattering or flighty, light-headed person. |
| structural unemployment | |
| —n | |
| economics unemployment resulting from changes in the structure of an industry as a result of changes in either technology or taste | |
| Main Entry: | structural unemployment |
| Part of Speech: | n |
| Definition: | unemployment that occurs due to industrial reorganization rather than changes in supply or demand |
Relatively long-lasting unemployment resulting from long-term shifts in economies and markets rather than short-term savings in economic conditions.
Note: 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.