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In: Economics

Based on each of the following descriptions of an individual, answer whether they would be considered...

Based on each of the following descriptions of an individual, answer whether they would be considered ‘unemployed’ or ‘not unemployed’. If they are ‘unemployed’, suggest whether you think it is frictional, structural, seasonal or cyclical unemployment. You must provide reasons for you answers. The correct answer with no explanation will not receive any marks. (1 mark each)

i. A 14-year-old is actively looking for a part time pet care job. He applied for three positions but received no responses.

I think it is considered as structural unemployed as he did not receive response because he is too young.

Some say it is frictional unemployment.

cannot decide

Solutions

Expert Solution

Hi,

Hope you are doing well!

Question:

Answer:

A 14-year-old is actively looking for a part time pet care job. He applied for three positions but received no responses. This is a type of frictional unemployment.

Frictional unemployment rate =  Workers Actively Looking for Jobs / Total Loabour force

Here, Workers actively looking for jobs may be a recently collage passout, new entrant in the job market, peopel who have left their job for personal reason but now actively looking for, people who want to change their career or city of compny etc. Structural unemployment is occurs due to technology chages or economy changes that widen the skills gap. Cyclical unemployment occurs due to chage in economy or business cycle and seasonal unemployment occur due to when people are unemployed at particular times of the year when demand for labour is lower than usual. Here, a 14-year-old is actively looking for a part time pet care job. He applied for three positions but received no responses because lack the resources or efficiency so, its a type of  frictional unemployment.

Thanks

Rahul Sunny answered 1 year ago
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