Question

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

Answer 1

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.

Types of unemployment

• 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.

To learn more about unemployment, please check: brainly.com/question/4479360?referrer=searchResults