Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one....

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Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one. They Many millions of people in the U.S. are retired. Which of the following (there might be more than one) would they be counted

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Answer 1

Answer #1

1. Ans : frictionally unemployed : since the person has lost his job last week and has shifted to new city this would be termed as frictional unemployment.

Unemployed: yes he would be unemployed for the time being.

Total population: yes he is a part of the whole population of the country.

2. Population 16 and above: since they are all retired.

Total population: they will come as a part of total population of that country.

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Answer 2

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Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one....

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