Types of Unemployment

Question 1

unemployment

Answer 1

term used to identify people of working age who are actively seeking work, but cannot find any

Question 2

frictional

Answer 2

• due to temporary transitions made by workers and employers
• a recent graduate moving from one job to another
• not working because you have left

Question 3

structural

Answer 3

• due to a mismatch of the job seeker and available jobs
• having outdated skills or losing the job due to technological advances
• a person goes back to school

Question 4

seasonal

Answer 4

• the need for the job occurs only at certain times/seasons

- holiday retail associates

Question 5

cyclical

Answer 5

• due to a recession in the business cycle

- realtors during the housing crisis

Question 6

not classify as unemployed even though they don’t have a job

Answer 6

a retiree who doesn’t work

Question 7

except which one

Answer 7

the number of people in society

Question 8

NOT classify as unemployed

Answer 8

• a person who has not worked in a year

- children

Question 9

NOT considered seasonal employment

Answer 9

graduation from college

Question 10

NOT a seasonal job

Answer 10

engineer