Day 19 Flashcards
_____ unemployment - Employees who work in positions that relate directly to a specific time of year
Seasonal Unemployment
____ unemployment - A longer lasting form of unemployment caused by fundamental shifts in an economy
Structural unemployment
____ unemployment - The component of overall unemployment that results directly from cycles of economic upturn and downturn
Cyclical unemployment
____ unemployment - The result of workers searching for new employment in or transitioning from their old jobs to new ones
Frictional unemployment
A computer programmer is laid off because of a recession, slumping sales lead to a cashier being laid off, workers are laid off at a local factory when the economy goes bad, the football coach is fired after having a losing season, Fred flintstone was laid off from the quarry because of a recession, the tooth fairy was fired because she wasn’t doing a good job, and Sam I am was laid off because the recession has people eating less green eggs and ham are all examples of ____ unemployment
Cyclical unemployment
A construction worker had to find another job during the winter, a high school student is laid off from their life guard job at the end of the summer, frosty the snowman is expecting to be out of work shortly after the last big snow if the year are all examples of ____ unemployment
Seasonal unemployment
A magazine editor leaves his job in New York to look for a job in San Francisco, and Mickey Mouse quit his job at Disney and is looking for a job driving a truck are all examples of ____ unemployment
Frictional unemployment
An assembly line worker loses their job because new technology makes their job obsolete, a bank teller loses their job because they are replaced by an ATM machine, A skilled glass blower loses their job because they are replaced by a machine, and Paul Bunyan lost his job as a lumberjack because the timber company he worked for decided to buy chainsaws are all examples of _____ unemployment
Structural unemployment
