For each scenario, indicate which category of unemployment is described. Every y
ID: 1208346 • Letter: F
Question
For each scenario, indicate which category of unemployment is described. Every year many older people retire and a similar number of young people enter the labor force for the first time. It often takes a few weeks or months for new labor force participants to find their first job. During those first few weeks or months of job search, they are considered to be unemployed, frictional structural cyclical The coal mines surrounding Carbontown have been depleted, and as a result, people who had been employed in the mines have been laid off. Many are still unemployed. Meanwhile, a new mine has opened 500 miles away in Fuelvillc, and they still have job openings that have not been filled, frictional structural cyclical In 2009. people who had lost jobs in the recession put off replacing their old cars; without having to commute to a job they could make do with their old car or do without. Due to low demand, some car dealerships eliminated sales positions so some car salespeople lost their jobs. too. frictional structural cyclical A generation ago, many Pittsburgh steel mills closed. At the same time. employment in medical research in Pittsburgh's universities and hospitals increased markedly. Most former steel workers are not now employed in medical research. Many stayed in Pittsburgh but were unable to find other employment. frictional structural cyclical Most tech start-ups do not stay in business long, but hope springs eternal and new enterprises open just as fast as failed businesses close. When a business closes, its employees lose their jobs and even if there are job openings for which they are qualified, it takes some time before they find new work. frictional structural cyclicalExplanation / Answer
1. (a) Frictional unemployment as in this situation unemployment occurs due to time period between jobs when a person is searching for new job from other.
(b) Cyclical unemployment as this unemployment occurs due to cyclical trend or growth in the business cycle.
(c) Cyclical unemployment
(d) Frictional unemployment as in this case unemployment occurs due to mismatch between the person's skills and skill that firm requires.
(e) Frictional unemployment
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