Question

A recent recession has reduce the number of visitors at a local theme park the park has to lay off many of its employees including Lucretia what is the categorized unemployed for the bureau of Labor statistics?

Answer 1

According to bureau of Labor statistics, Lucretia's unemployment would be categorized as cyclical unemployment.

The types of unemployment.

According to bureau of Labor statistics, unemployment is divided into various types and these include the following;

• Frictional unemployment (FU).

• Structural unemployment (SU).

• Actual unemployment (AU).

• Cyclical unemployment (CU).

In this scenario, Lucretia's unemployment would be categorized as cyclical unemployment because it was as a result of an economic factor known as recession.

Read more on cyclical unemployment here: brainly.com/question/16287968

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