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 Carlos recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training. Deborah just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal. Janet is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment Type Frictional Cyclical Structural Total unemployment True Rate (Percent) 3.3 0.0 1.0 True or False: This economy is not currently at its natural rate of unemployment. False 4.3 Structural Frictional O Cyclical O OO

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 Carlos recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training. Deborah just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal. Janet is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment Type Frictional Cyclical Structural Total unemployment True Rate (Percent) 3.3 0.0 1.0 True or False: This economy is not currently at its natural rate of unemployment. False 4.3 Structural Frictional O Cyclical O OO

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question

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
Carlos recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps
local employers from adding more of the low-skill positions for which he qualifies, so he has been unable
to find work. He continues to look for a job, but he's considering going back to school for vocational
training.
Deborah just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal.
Janet is a real estate agent. House sales in her area have declined because the region has been going
through a recession. She has no clients and is currently looking for a new full-time job.
The following table shows data on frictional, cyclical, structural, and total unemployment for an economy.
Unemployment Type
Frictional
Cyclical
Structural
Total unemployment
True
Rate
(Percent)
3.3
False
0.0
1.0
True or False: This economy is not currently at its natural rate of unemployment.
4.3
Structural
Frictional
O
Cyclical
O
O

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