Question

Person A This person has just graduated from high school and is working at a part-time job but wants a full-time job.

Person B At the age of 45, this person was laid off from the automobile industry when new equipment was installed
and the person did not have the skills necessary to use the equipment. This person now is searching to find a new job.
Person C As a result of this person's spouse being transferred to a job in a new city, this person is looking for a new job.
Person D This person just graduated from college and is looking for an engineering job. In the meantime, this person is working full-time waiting tables.
23) The above table shows answers given by people interviewed in the Current Population Survey. Which person is
cyclically unemployed?
A) A
B) B
C) C
D) None of the people

Answer 1

Person B is cyclically unemployed because they were laid off from the automobile industry during a recession and are actively searching for a new job.

Step-by-step explanation:

The person who is cyclically unemployed in this scenario is Person B. They were laid off from the automobile industry when new equipment was installed and they did not have the necessary skills to use the equipment. Person B is now actively searching for a new job.

Cyclical unemployment refers to unemployment that occurs as a result of fluctuations in the business cycle. It typically increases during recessions when there is a downturn in economic activity. In this case, the drop in new housing construction during a recession led to layoffs in the landscaping industry and impacted Person B's employment situation.