Read the news clip, then answer the following questions. Before the recession be

Question

Read the news clip, then answer the following questions. Before the recession began, the U.S. unemployment rate was about 6 percent. As a recession begins, firms quickly make layoffs. The resulting rise in unemployment is mostly a rise in unemployment A. frictional B. cyclical C. natural D. part-time E. structural Recovery won't improve unemployment Despite some optimism about the seeds recovery, the Congressional Budget Office (CBO) sees joblessness rising. The CBO sees unemployment peaking at 10.4% next year from an average of 9.3% this year, before it falls to 9.1% in 2011.

Explanation / Answer

Cyclical Unemployment

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