Are the following workers more likely to experience short-term or long-term unemployment? Explain. d) A short-order cook who loses his job when a new restaurant opens across the street. e) An expert welder with little formal education who loses her job when the company installs automatic welding machinery.

Are the following workers more likely to experience short-term or long-term unemployment? Explain. d) A short-order cook who loses his job when a new restaurant opens across the street. e) An expert welder with little formal education who loses her job when the company installs automatic welding machinery.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 5P

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Question

Are the following workers more likely to experience short-term or long-term unemployment? Explain.

d) A short-order cook who loses his job when a new restaurant opens across the

street.
e) An expert welder with little formal education who loses her job when the company

installs automatic welding machinery.

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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