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Unemployment can never be totally eliminated for the simple fact that: there are always new workers coming into the marketplace seeking employment; people leave jobs, either voluntarily or through the employer discharging them for various reasons; businesses exit the marketplace, thus eliminating jobs, etc.

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13y ago
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9y ago

The unemployment rate includes transitional unemployment. At any point in time there are people who are between jobs and so transitional unemployment is cannot be zero.

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Q: Why can all unemployment not be eliminated?
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