QUESTION 13 Match the definition to the correct the type of unemployment. Unemployment due to lack of skills Unemployment due to normal job search process A. Seasonal Unemployment B. Frictional Unemployment C. Cyclical Unemployment D. Structural Unemployment Unemployment due to a recession Unemployment due to change in season
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Step 1: Unemployment due to lack of skills is called **Structural Unemployment**. Show more…
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Shu N.
12. Name the type of unemployment occurring in each of the causes below. (a) Frank recently lost his job as the computer manufacturing company he works for recently downsized after poor sales and poor performance of the economy during the last year: Type of unemployment: frictional cyclical structural ) (b) Julie just recently graduated from college and is spending the summer traveling before she begins a job with a consulting firm in the fall Type of unemployment: frictional cyclical structural (c) Tom recently lost his job as the steel manufacturing firm he worked for moved their plant overseas The other steel plants in the nation have been also been following this trend. Type of unemployment: frictional cyclical structural The full-employment or natural rate of unemployment assumes there is no among the three types of unemployment: unemployment
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Unemployment Type Structural Frictional Cyclical Simone just graduated from college and is looking for a full-time position with an investment banking firm. A recent recession has reduced the number of visitors to the local theme park. The park has had to lay off many of its employees, including Ana. Rajiv recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type Frictional (Percent) 3.1 Cyclical Structural Total unemployment True or False: This economy is not currently at its natural rate of unemployment.
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