Question

In: Economics

Classify the following people as either F (frictionally unemployed), S (structurally unemployed), C (cyclically unemployed), or...

Classify the following people as either F (frictionally unemployed), S (structurally unemployed), C (cyclically unemployed), or O (out of the labor force).

A person moves to a new town and has spent two weeks searching for a new job.

Environmental regulations have resulted in a coal miner losing his job. He has not been able to find a job that he can perform with his current skills.

A mother is re-entering the labor force after having a baby but has not yet found work.

An auto worker is laid off because of a sharp decline in GDP during the last six months.

A 40-year-old man quits his current job to return to college and get his degree. He does not currently have a job.   

An airline pilot is laid off after an economic slowdown caused by a sharp reduction in the demand for air transportation.

After unsuccessfully searching for a job for eight weeks, an engineer became discouraged. Two months ago she decided to stop looking for work.     

A person retires after working for his employer for 20 years.

Solutions

Expert Solution

A person moves to a new town and has spent two weeks searching for a new job.- Frictional unemployment

Environmental regulations have resulted in a coal miner losing his job. He has not been able to find a job that he can perform with his current skills.- Structural unemployment

A mother is re-entering the labor force after having a baby but has not yet found work.- Frictional unemployment

An auto worker is laid off because of a sharp decline in GDP during the last six months.-Cyclical unemployment

A 40-year-old man quits his current job to return to college and get his degree. He does not currently have a job.- Not in the labor force

An airline pilot is laid off after an economic slowdown caused by a sharp reduction in the demand for air transportation.-Cyclical unemployment

After unsuccessfully searching for a job for eight weeks, an engineer became discouraged. Two months ago she decided to stop looking for work.- out of the labor force

A person retires after working for his employer for 20 years.- out of the labor force

Rahul Sunny answered 1 year ago
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