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Four kinds of unemployment

In the country of Leducistan, a mass migration of refugees found solace within its borders and all of them sought work. What will happen to the country's unemployment rate and labor force participation rates?

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There can be four kinds of unemployment:

Frictional unemployment: This is simply the time it takes a company to match a qualified job applicant with the right position. It also includes people who are between jobs. It is simply the time it takes for a worker, having lost his job, to register at the job agencies, read the adverts in the papers or on the ...

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This explains the four kinds of unemployment

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