Question

The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics Identify each person in the table as structurally, frictionally, or cyclically unemployed.

1. Susan just graduated from college and is looking for a full-time position with an investment banking firm.
2. Becky is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job.
3. Raphael recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training.

Answer 1

1. Frictionally unemployed.

2. Cyclically unemployed.

3. Structurally unemployed.

Step-by-step explanation:

Frictionally unemployed describes a situation where an individual isn't able to secure a job briefly as a result of changes in the demand for labor among different organizations.

Cyclically unemployed describes a situation where an individual isn't able to secure a job due to the year-to-year fluctuations in unemployment around its natural rate, in relation with recession or economic downturn.

Structurally unemployed describes a situation where an individual isn't able to secure a job as a result of insufficient number of jobs matching their qualifications, thus limiting their opportunities.