B) Structural unemployment

Structural unemployment occurs when there is a mismatch between the skills possessed by the available workforce and the skills required for the available jobs. In this case, the company has stated that none of the 100 job applicants possess the skill required for the job, indicating a structural unemployment situation.

Here is a detailed explanation of why this would be considered structural unemployment:

1. Definition of structural unemployment:
- Structural unemployment refers to a type of unemployment that arises due to changes in the structure of the economy, such as technological advancements or shifts in demand for certain skills.
- It occurs when there is a long-term imbalance between the skills and qualifications of the available workforce and the requirements of available job opportunities.

2. Job applicants lack the required skill:
- The company has stated that none of the 100 job applicants possess the skill required for the job.
- This indicates that there is a mismatch between the skills possessed by the job seekers and the skills required by the company.
- The job applicants may have different skills or qualifications that do not align with the specific skill set needed for the job.

3. Long-term nature of the skill mismatch:
- The fact that none of the 100 job applicants possess the required skill suggests that the skills required for the job are not easily acquired or learned in a short period.
- This implies that the structural unemployment is likely to persist in the long term until the job seekers acquire the necessary skills or until there is a shift in the job requirements.

4. Structural changes in the economy:
- The existence of structural unemployment indicates that there have been structural changes in the economy, such as technological advancements or changes in industry demands.
- These changes have created a situation where the skills possessed by the job applicants are no longer in demand or may be obsolete.

5. Policy implications:
- Structural unemployment may require policy interventions to address the skill mismatch and equip job seekers with the necessary skills.
- This could involve initiatives such as vocational training programs, educational reforms, or job retraining programs to bridge the skill gap and reduce structural unemployment.

In conclusion, the situation described in the question, where 100 job applicants lack the required skill for a job, would be considered structural unemployment. This type of unemployment arises due to a long-term imbalance between the skills possessed by the available workforce and the skills required for available job opportunities.