Name the type of Unemployment frictional, structural, cyclical or seasonal.

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Presentation transcript:

Name the type of Unemployment frictional, structural, cyclical or seasonal

Frictional, Structural, Cyclical or Seasonal?  1. You have just graduated from college and are looking for work.  2. Military cutbacks have led to displacement of workers in military- related industries.  3. A ski-coach during June, July, August and September.  4. A computer programmer is laid off due to a recession.

Frictional, Structural, Cyclical or Seasonal?  5. Advances in technology make assembly line worker’s jobs obsolete.  6. A skilled woodworker becomes unemployed because a machine can do the job faster.  7. Slumping sales lead to a cashier being laid off  8. An editor leaves her job in New York to find work in San Francisco.

Check your answers  1. You have just graduated from college and are looking for work. FRICTIONAL  2. Military cutbacks have led to displacement of workers in military- related industries. STRUCTURAL  3. A ski-coach during June, July, August and September. SEASONAL

 4. A computer programmer is laid off due to a recession. CYCLICAL  5. Advances in technology make assembly line worker’s jobs obsolete. STRUCTURAL  6. A skilled woodworker becomes unemployed because a machine can do the job faster. STRUCTURAL

 7. Slumping sales lead to a cashier being laid off. CYCLICAL  8. An editor leaves her job in New York to find work in San Francisco. FRICTIONAL

Summary  FRICTIONAL: consists of those searching for jobs or waiting to take jobs soon (not bad, there is mobility as people change or seek jobs)  STRUCTURAL: due to changes in the structure of demand for labor (skills become obsolete—a new trade needs to be learned)  CYCLICAL: caused by the recessionary phase of the business cycle