Mike has been working manufacturing cars for the last 20 years. Last year all the car manufacturing plants in Australia closed. Mike has been advised to re-train as an Aged Care Worker. What type of unemployment is Mike experiencing?

Q: Name two jobs that you think would be affected by seasonal unemployment. Explain why they would be…

A: Seasonal unemployment: It is a type of unemployment in which people remain unemployed during…

Q: What are the personal, economic and social consequences of unemployment?

A: Let us discuss certain concepts related to unemployment:Labor force: In an economy, labor force…

Q: Three coworkers work for the same employer. Their jobs are warehouse manager, office manager, and…

A: To calculate:The annual salary of each of the co-workers.

Q: what is the main difference between employment and unemployment?

A: Introduction: Employment is the state of having a job or regular work that provides a salary or…

Q: Investigate and discuss the growing issue of Unemployment in Trinidad and Tobago

A: Unemployment refers to the state of being without a job or employment, despite actively seeking work

Q: Pegion, in part because of high union-negotiated wages. He would like to work at the high union wage…

A: Unemployment refers to situation where a worker is capable and want to work but still does not find…

Q: Discuss costs and benefits of job search.

A: Unemployment refers to a situation when employable workers are unable to seek a job at the existing…

Q: What is being done to end unemployment in the U.S.

A: Answer - Measures to decrease unemployment in U.S. - 1. Stimulus for industries in crisis - U.S.…

Q: identify two major trends in the changing demographics of the workforce.

A: The number of people in an economy who are either working or are willing to work constitute the…

Q: Imagine someone is working part time but would like to be working full time, or working in a job…

A: Employed are those who work for earning a cost of living either part time or full time, as well as…

Q: Suppose Georgette earns $13 an hour installing transistorized digital chips in electronic…

A: Answer in Step 2

Q: What is The difference between unemployment and employment?

A: Unemployment and employment are more important thing and bigger topics in an economy. Because these…

Q: how do I define “full employment” ?

A: Factors of production are the resources that are necessary to produce goods and services, they are…

Q: What type of unemployment is it if a person loses their job and an employment advisor advises you to…

A: Employment: The term employment indicates the state of being employed which means a person works for…

Q: Why should the unemployment rate matter to employers?

A: Unemployment refers to the situation when individual willing to work and actively seeking employment…

Q: What are some of the emotional tolls associated with struggling to find gainful employment?

A: Representatives are feeling pressure and encountering huge change. They may:  Be worried about the…

Q: Paulina works as a software engineer for her firm. Recently, her company was acquired by another…

A: Unemployment denotes circumstances where workers are willing to supply their services to the…

Q: A______ is a person who was employed in the civilian labor force and was either fired or laid off

A: Meaning of Labor Economics:   The term labor economics is nothing but those market of workers,…

Q: How should the situation be rectified to return to full employment

A: When discussing short-term changes in aggregate demand or supply, it can be claimed that these…

Q: Does the existence of unemployment insurance eliminate the economic costs of unemployment?

A: unemployment insurance, is the method of securing income even if an individual gets unemployed, it…

Q: Unemployment is a bad thing, and the government should make every effort to eliminate it. Do you…

A: Unemployment is a situation when individual is ready and able to work but is not able to find work.

Q: Which organization releases data on unemployment?

A: The data on unemployment is collected on the basis of Lakadawala formula.

Q: How did small businesses helped in employment?

A: In economic terms, employment refers to the state of having or being employed. If someone must be…

Q: How does the firm adjust its employment if it is costly to hire and fire workers?

A: A firm needs to alter or adjust its labour force(LF) as a response to the ever-changing environment…

Q: Suppose your earn 3% wage from your employer. Then, the government releases economic data indicating…

A:

Q: If these construction workers are laid off during the winter what kind of unemployment are they…

A: Unemployment which occurs due to different phases of the business cycle and that affects the demand…

Q: What impact does technological change have on employment?

A: Technology refers to the process that a firm used to turn inputs into outputs of goods and services.…

Q: what do you understand about unemployment rate among young graduates?

A: Unemployment is referred to be a situation whereby a person who has the ability to work and is also…

Q: explain Employment Structure

A: The employment structure term is coined as a classification of the workforce among the three…