Answer to Question #319888 in Macroeconomics for Nobuhle

Question

Unemployment remains a concern for South Africa’s future growth where 1.4 million job losses since the beginning of the COVID-19 affected low-skilled workers. Which type of unemployment gave rise to the high job losses of low skilled workers? Justify your answer.

Answer 1

Cyclical Unemployment because is the variation in the number of unemployed workers over the course of economic upturns and downturns such as the outbreak of COVID-19.