3. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau o

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3 Types Of Unemployment The Three People Described In The Following Table Are Categorized As Unemployed By The Bureau O 1 (31.15 KiB) Viewed 12 times

3. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Simone just graduated from college and is looking for a full-time position with an investment banking firm. Rajiv recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Ana. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Rate (Percent) Unemployment Type Frictional 3.1 Cyclical 0.0 Structural 1.0 Total unemployment 4.1 True or False: This economy is currently at its natural rate of unemployment. True False Structural Frictional Cyclical