Types of unemployment
Structural unemployment occurs because of structural change within the economy
Cyclical unemployment occurs because of a downturn in economic activity
Frictional unemployment represents people who are temporarily unemployed because they are in between jobs.
Seasonal unemployment occurs because of the seasonal nature of some jobs (fruit pickers)
Hidden Unemployment includes those that do not fit into the ABS definition of unemployment and are not reflected in the unemployment stats.
Underemployed refers to people who are working less than full-time hours but would like to work longer
Long-term unemployed are people who have been unemployed for longer than 12 months.
Hard core unemployment are people who are unemployed due to their personal, mental or physical characteristics
national Rate of unemployment is all unemployment is frictional, structural or hardcore and there is no cyclical unemployment