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.
Unemployment Type
Automobile demand has fallen during a recent recession, and Hilary has been laid off from her job on the assembly line.
Crystal just graduated from college and is looking for a full-time position with an investment banking firm.
Brian recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work.
The following table shows data on frictional, cyclical, structural, and total unemployment for an economy.
| Unemployment Type | Rate (Percent) |
|---|---|
| Frictional | 3.0 |
| Cyclical | 0.0 |
| Structural | 0.9 |
| Total unemployment | 3.9 |
Homework Answers
Case 1: Cyclic
Case 2: Frictional
Case 3: Structural
Statement is False
Kevin: employed
Maria: Unemployed
Rajiv: Not in labor force
Ana: Unemployed
Yakov: Not in labor force
Simone: Not in adult population
Labor force participation rate = Labor force / Adult population * 100
Labor force participation rate = 3 / 5 * 100 = 60%
Unemployment rate = Unemployed / Labor force * 100
= 2 / 3 *100 = 66.67%
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