The key reason why there is always some unemployment is because the labour market is constantly churning.

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The key reason why there is always some
unemployment is because the labour market is
constantly churning.
New jobs are created and old jobs die; and some people
move into the labour force and some move out of it. This
churning creates unemployment.
We distinguish among three types of unemployment:
• Frictional unemployment
• Structural unemployment
• Cyclical unemployment

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