structural unemployment

structural unemployment

noun
unemployment caused by basic changes in the overall economy, as in demographics, technology, or industrial organization.

Origin:
1960–65

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World English Dictionary
structural unemployment
 
n
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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Dictionary.com's 21st Century Lexicon
Main Entry:  structural unemployment
Part of Speech:  n
Definition:  unemployment that occurs due to industrial reorganization rather than changes in supply or demand
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American Heritage
Cultural Dictionary

structural unemployment definition


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.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
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