Question

Sheila is on a temporary layoff from her automobile factory job but has not looked for work in the last four weeks. The Bureau of Labor Statistics counts Sheila as a. unemployed and in the labor force. b. employed and not in the labor force. c. unemployed and not in the labor force. d. employed and in the labor force.

Answer 1

c

Step-by-step explanation:

The labour comprises of those who are able to work. it includes those who are employed and those who are not employed

An individual is considered unemployed if she is without a job and has been searching for a job in the last 4 weeks. Sheila is not in this category and thus she is not considered unemployed.

types of unemployment

1. structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.

The geologist lost his hob permanently due to increase in wages (polices)

2. Frictional unemployment: the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.

3. Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.

4. Cyclical unemployment: it occurs as a result of fluctuations in the economy. Unemployment would be high in a downturn and low in a boom