- Frictional Unemployment consist of those who are looking for a job. This could be either temporary unemployment or in between jobs. These people have transferable skills. Examples would be college graduates or someone that just quit their job.
- Structural Unemployment is caused by changes in the structure of the labor force that make certain skills useless. These worker do not have transferable skills. They must learn a new skill in order to get a job.
- Seasonal Unemployment is due to the time and nature of the job. Examples would be school bus drivers, life guards, and Santa impersonators.
- Cyclical Unemployment results from economic downturns such as a recession. As demand for goods and services falls, labor falls and workers are laid off.
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