1a) Identify which category of unemployment each of the following persons belong

Question

1a) Identify which category of unemployment each of the following persons belong to. There has been a general slow-down. Because of weak demand, Andy Capp has lost his portering job at the docks.

Choose best answer from list provided below.

-Structural unemployment

-Cyclical unemployment

-Frictionl unemployment

b) A newly qualified dental school graduate, is looking for a place to set up practice. Choose best answer from list provided below.

-Structural unemployment

-Cyclical unemployment

-Frictionl unemployment

c) A coal miner is thrown out by the introduction of a more mechanized production process. Choose best answer from list provided below.

-Structural unemployment

-Cyclical unemployment

-Frictionl unemployment

d) A computer programmer with a large bank, quit her job two months ago in search of a better paid programming position. She is still looking. Choose best answer from list provided below.

-Structural unemployment

-Cyclical unemployment

-Frictionl unemployment

e)A textile firm closes a plant in Texas and transfers production to a plant in South Carolina. The plant supervisor at the Texas plant is given the opportunity to move to South Carolina to become the plant supervisor. He turns down the opportunity because of family obligations. Choose best answer from list provided below.

-Structural unemployment

-Cyclical unemployment

-Frictionl unemployment

2) There are 65 people in a house I visited, 10 are children under the age of 16 and 10 retired, 25 people had full time jobs and 5 part time jobs. There were 5 full time homemakers, 5 students over the age of 16 and 2 people who were disabled and cannot work. The remaining people did not have jobs but all said they would like one. One of these people had not looked for work for three months.

a) Calculate the number of persons employed

b) Calculate the number of persons unemployed

c) Calculate the working age- population

d) The number of persons in the labor force

e) The number of persons not in the labor force

f) The unemployment rate

g) The labor force participation rate%

h) The employment to population ratio%

Explanation / Answer

Ans:

1a) Cyclical unemploment

Cyclical unemploment is the unemployment caused due to cyclical changes in the economy.Cyclical unemployment is the unemployment when workers lose their jobs because of downturns in the business cycle.

1b) Frictional unemployment

Frictional unemployment occurs when workers leave their current jobs to find better jobs.Frictional unemployment also occurs when students are looking for job for the first time.

1c) Structural unemployment

Structural unemployment is the unemployment caused due to mismatch between the jobs available and the skill levels of workers. The is largely a result of  technological change.

1d) Frictional unemployment

Frictional unemployment occurs when workers leave their current jobs to find better jobs.

1e) Structural unemployment

Structural unemployment is the unemployment caused due to mismatch between the jobs available and the skill levels of workers. Structural unemployment also occurs when workers live too far from place where jobs are available and cannot move the place where Jobs are available.

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