Question

For each of the following events, determine the source or category of unemployment.

Briefly explain your answer.

1. Technological advance allows companies to use computers/machines instead of workers to conduct daily operations.

2. As the US becomes a service-oriented economy, manufacturing workers are displaced

3. Some job seekers are waiting at home, holding out for better jobs.

4. Bureaucracy takes at least 1 month to screen and interview job candidates.

5. Companies’ products do not sell well, piling up inventory. The slow down of production reduces the need for new hiring.

Answer 1