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3 years ago

Which unemployment "category" describes each situation below?

Business

1 answer:

allochka39001 [22]3 years ago

3 0

Answer:

a. landscapers laid off in response to drop in new housing construction during a recession: CYCLICAL UNEMPLOYMENT

b. coal miners laid off due to EPA regulations that shut down a coal fired power plant: STRUCTURAL UNEMPLOYMENT

c. a financial analyst who quits his/her job in Chicago and is pursing similar work in Arizona: FRICTIONAL UNEMPLOYMENT

d. printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote and advertise their products: STRUCTURAL UNEMPLOYMENT

e. factory workers in the U.S. laid off as the plants shut down and move to Mexico: FRICTIONAL UNEMPLOYMENT

f. Jack graduated from college last month, but he has not yet started looking for a job: FRICTIONAL UNEMPLOYMENT

g. Professor H took 6 months off from his job at Gigantic U, and is now working on a fishing boat in Alaska: FRICTIONAL UNEMPLOYMENT

Explanation:

Unemployment is a situation or period of time whereby people are looking for jobs but they can't find any jobs.

We have three types of unemployment. They are:

1. Structural Unemployment: This is a type of unemployment whereby people are unemployed because their skills no longer match the jobs that are available due advancement in technology, specific academic requirements or training skills.

2. Frictional unemployment: This is a situation whereby people are unemployed because people are looking for new jobs, or changing from one job to another.

3. Cyclical Unemployment: This is the type of unemployment or period of time whereby people are unemployed because there is a decline in the economic system of a country for example economic recession.

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