A recent recession has reduce the number of visitors at a local theme park the park has to lay off many of its employees includi

Question

GrogVix [38]

2 years ago

8

A recent recession has reduce the number of visitors at a local theme park the park has to lay off many of its employees includi

ng Lucretia what is the categorized unemployed for the bureau of Labor statistics?

Advanced Placement (AP)

1 answer:

Maslowich · Answer 1 · 2023-05-15T17:57:17+03:00

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

<h3>The types of unemployment.</h3>

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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