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Meaning of “structural unemployment” in the English Dictionary

"structural unemployment" in Business English

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structural unemploymentnoun [U]

uk   us   ECONOMICS
a ​situation where there are ​people without ​work because they ​live in ​areas where ​jobs do not exist, or because they do not have the necessary ​skills for ​jobs that exist: The ​recession could have ​createdstructuralunemployment in the US.
(Definition of structural unemployment from the Cambridge Business English Dictionary © Cambridge University Press)
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