The three people described in the following table are categorized as unemployed

Question

The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Rosa just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal. Nick left his job as a plumber when his wife took a position in another region. The quantity of plumbing services demanded is considerably lower in the new region, in part because of high, union-negotiated wages. He would like to work at the high union wage but remains unemployed due to a lack of plumbing jobs. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Alcona. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. True or False: This economy is currently at its natural rate of unemployment.

Explanation / Answer

1)Structural

2)Cyclical

3)Frictional

True

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