Source: Economics (3 ed, 2014) by N Gregory Mankiw, Mark P. Taylor
structural unemployment [=] unemployment that results because the number of jobs available in some labour markets is insufficient to provide a job for everyone who wants one
Please help me dig deeper than the definition above, the meaning of which I already understand and so ask not about. Instead, I don't understand why structural was selected for the above. Why not adjectivize this type of unemployment with another word?
This definition (below) doesn't answer my question; all unemployment is caused by
structure of the economy. So what's so structural about structural unemployment?
- c. : involved in or caused by
of the economy