Question

The people described are out of work. Determine the appropriate classification for each person and place each person in the correct category Cyclically unemployed Structurally unemployed Frictionally unemployed Not in the labor force

Answer 1

• 1. Cyclical unemployment is a form of unemployment that exists in the Economy falls into a Recession or in to any Economy down turn and the workers return to their works again once the recession ends.
• The statement which belongs to the cyclical is;
• Abby is a seller employee, however has gone out of business due to a recession and Abby have no job as a result, Abby will surely be able to find a job in the future but remains looking for a job currently.
• 2. Frictional unemployment is a type of unemployment that occurs in an Economy when the workers are currently jobless and are in search of jobs that matches with their needs.
• The statement which belongs to the frictional unemployment is;
• Deron not currently have a job.many firms would like to hire him,in Dallas and Brooklyn in particular,but Deron remains out of work as he evaluates potential jobs in search for a proper match.
• 3. Structural unemployment is the
• third type of unemployment which occurs in an Economy when the workers skills don't match up with the Employers needs.
• The statement belongs to the structural unemployment is;
• Terrell does not have a job for many years, Terrell's skills were highly desired and he had no trouble finding work. Terrell still has many of these same skills but he is finding that Employers now desire different attributes in employees.
• 4. When a person is in active who neither has a job is currently not searching for one then he is said to be out of the labour force.
• The statement which belongs to the out of labour force;
• After several months of searching for a job,La Dainian has decided to stop looking. He instead spends his time golfing and spending time with his family.