Final answer:
The impact on the unemployment rate depends on the type of unemployment in each situation: cyclical, structural, frictional, technological, or geographic.
Step-by-step explanation:
Answer:
The impact on the unemployment rate in each of the following situations is as follows:
- Landscapers laid off in response to a drop in new housing construction during a recession experience cyclical unemployment. This type of unemployment is caused by a downturn in the business cycle.
- Coal miners laid off due to EPA regulations that shut down coal-fired power plants experience structural unemployment. This type of unemployment is caused by changes in the structure of the economy.
- A financial analyst who quits their job in Chicago and is pursuing similar work in Arizona represents frictional unemployment. This type of unemployment occurs when an individual voluntarily leaves a job in search of a better opportunity.
- Printers laid off due to a drop in demand for printed catalogues and flyers as firms shift to online advertising experience technological unemployment. This type of unemployment is caused by advancements in technology.
- Factory workers in the U.S. laid off as plants shut down and move to Mexico and Ireland experience a combination of structural unemployment and geographic unemployment. Structural unemployment occurs due to changes in the structure of the economy, while geographic unemployment is caused by shifts in the location of jobs.