Jim lost his job in a car assembly factory to a robot and his skills will no longer be needed. Which terms can be used to descri

Question

2 years ago

7

be Jim? Check all that apply.cyclically unemployeddomestically unemployedfrictionally unemployedstructurally unemployedstill employedunemployed

1 answer:

DIA [1.3K] · Answer 1 · 2023-02-24T00:57:44+03:00

When Jim lost his job, he became unemployed and structurally unemployed.

A person is unemployed if he is within the working age, is willing and able to work but does not have a job.

<u><em>Types of unemployment</em></u>

Structural unemployment: this type unemployment occurs when the skills a person has is no longer relevant in the economy. It occurs as a s result of changes in the economy. For example, technological advancement can make a person's job redundant.

Frictional unemployment: this type of unemployment occurs from when a person leaves his current employment gets another job.

Voluntary unemployment: a person decides not to work. For example, a factory worker might decide to stop working in order to become a fulltime student.

Cyclical unemployment: it occurs as a result of fluctuations in the economy.