Question

Identify what type of unemployment each of the individuals below is facing by dragging and dropping the appropriate term into the bins provided.
a. James is an architect who has been laid off owing to a slump in the demand for property. He feels he will have to wait until the economy picks up before he can get a new job. James is facing structural unemployment.
b. Eric is an experienced project manager who lost his job at a tech start-up because the company's product failed to become popular. He is confident he can get a new job and has already rejected a number of offers.
c. Eric is facing cyclical unemployment. Craig lost his job several months ago. He is having a hard time finding a job that pays him more than unemployment insurance does.
d. Sarah is a recent economics graduate who is entering a difficult labor market, owing to a continued recession. She is continuing to look for work but is finding it difficult.
e. Hamid has just graduated as a lawyer from an esteemed law school. He confident of getting a job and has already refused a few lower paid jobs.

Answer 1

Answer:

A)CYCLICAL UNEMPLOYMENT

B)FRICTIONAL UNEMPLOYMENT

C)cyclical unemployment

D)CYCLICAL UNEMPLOYMENT

E)FRICTIONAL UNEMPLOYMENT

Explanation:

Employment can be regarded as term that describes the situation of people that are employable and looking for a job but cannot secure one.

Cyclical unemployment is regarded as the components of employment which is as a result of cycles coming up from upturn and down turn of economy

Frictional unemployment can be regarded as search unemployment, it exist at period one is seeking for employment.