25. a) How would you classify unemployment caused by an increase in job firings (Structural, Frictional,...

25. a) How would you classify unemployment caused by an increase in job firings (Structural, Frictional, or Cyclical?

b) Would an increase in the number of jobs firing suggest that it was becoming easier or more difficult for people to find jobs? Explain.

Solutions

Expert Solution

Firstly let us clear with the all given terms

STRUCTURAL UNEMPLOYMENT- It happens due to change in technology or some new demand in the workforce due to which many peoples are able to cope up with and this results in the loss of jobs

FRICTIONAL UNEMPLOYMENT-It happens due to many reasons like changing of previous jobs or finding a new one

CYCLICAL UNEMPLOYMENT-It happens due to change in the business cycle because sometimes business is doing good and sometimes it does not and due to this there is a scene of unemployment.

a.>So job firings can be classified under structural unemployment because it can be due to change in working technology and many workers may not be able to cope up with it

b.>It will actually become more difficult to find a new job in case of firing because as technology is updated which means many companies are going to follow it and they are not going to hire the employees who are not capable of coping with the change.

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

a) How would you classify unemployment caused by an increase in unemployment insurance (Structural, Frictional, or cyclical)?

a) How would you classify unemployment caused by an increase in unemployment insurance (Structural, Frictional, or cyclical)?b) Would an increase in the number of unemployment insurance suggest that it was becoming easier or more difficult for people to find jobs? Explain.

#7a). Classify each of the following cases as frictional, structural, or cyclical unemployment. a) A farmer...

#7a). Classify each of the following cases as frictional, structural, or cyclical unemployment. a) A farmer lost his job because the area he lives in was transformed into a highly industrialized zone. b) Caroline graduated from college and is currently looking for a job c) Eliot works in the automobile industry in Windsor. He lost his job because cheaper imported cars have poured over the border from Japan. d) Paul, who is a restaurant manager, lost his job because of...

how was frictional unemployment and structural unemployment differrent from cyclical unemployment ?

What are cyclical, frictional, and structural unemployment? The natural rate of unemployment equals frictional plus structural...

What are cyclical, frictional, and structural unemployment? The natural rate of unemployment equals frictional plus structural unemployment. Countries with higher unemployment insurance benefits tend to have higher natural rates of unemployment. Do you think that more generous unemployment benefits raise u* by reducing the finding rate or increasing the separation rate?

Classify the following situations as frictional, structural, or cyclical unemployment. Explain briefly the reason for your...

Classify the following situations as frictional, structural, or cyclical unemployment. Explain briefly the reason for your choice. (30%) An auto assembly worker is laid off because auto sales decrease during a slowdown in overall economic activity. An electrical engineer refuses a job offer and decides to look for another job that has a higher remuneration. Juan left high school without graduating and cannot find any jobs he is qualified for. For each of the following situations, is Alexander counted as...

Discuss: A) Frictional unemployment; B) Structural unemployment. Might a job retraining program be a more useful...

Discuss: A) Frictional unemployment; B) Structural unemployment. Might a job retraining program be a more useful policy to address structural unemployment than to address frictional unemployment?

Define: Full employment Frictional employment Structural employment 1. Why are frictional unemployment and structural unemployment consistent...

Define: Full employment Frictional employment Structural employment 1. Why are frictional unemployment and structural unemployment consistent with full employment?

Q.4 Classify each of the following unemployment situations as either (i) structural; (ii) frictional, or (iii)...

Q.4 Classify each of the following unemployment situations as either (i) structural; (ii) frictional, or (iii) cyclical unemployment. Paul lost his job because his skills become obsolete. His employment counselor at the labor office advises him to retrain. Michael has just relocated to Seattle and he is now looking for a job. A data-entry employee loses his job because it was permanently outsourced to India. Unemployment increased during the Great Recession. Mary graduated from college with an economics degree. She...

Are the costs of unemployment more severe for frictional or structural unemployment? Why? Are the costs...

Are the costs of unemployment more severe for frictional or structural unemployment? Why? Are the costs of unemployment more severe for frictional or structural unemployment? Why?

How does structural unemployment differ from frictional unemployment? What does it mean to say that the...

How does structural unemployment differ from frictional unemployment? What does it mean to say that the country is operating at full employment? What is “natural” about natural unemployment? What is the difference between a job leaver and a reentrant Suppose, 60 million people are employed, 10 million unemployed, and 30 million not in the labor force. What does the civilian noninstitutional population equal?

Subjects