Final answer:
Snow ski instructors facing unemployment because of a global warming scenario resulting in no snow anywhere would be experiencing structural unemployment. This happens when their skills are no longer required due to permanent industry shifts.
Step-by-step explanation:
If global warming raises temperatures so high that snow can never again exist anywhere, snow ski instructors will experience structural unemployment. Structural unemployment occurs when individuals lose their jobs because the skills they have are no longer in demand due to a permanent change in the industry or economy. In this scenario, the skill of instructing snow skiing is no longer needed because there's no snow, indicating a significant shift in climate and recreational activities.
Other examples of unemployment types are as follows:
- Cyclical unemployment occurs when there is a lack of demand for goods and services in the economy, which reduces the need for labor. Landscapers laid off during a recession would be an example of cyclical unemployment.
- Frictional unemployment is the short-term unemployment that occurs when people are between jobs or entering the workforce. An example is a financial analyst relocating and looking for work in a new state.
Understanding the unemployment rate and its implications on economic health is important. While an increase in the unemployment rate is often seen as negative, it can sometimes indicate a growing economy where people are actively looking for better job opportunities.