Question

Identify what type of unemployment each of the individuals faces. James is an architect who has been laid off owing to a slump in the demand for property. He feels he will have to wait until the economy picks up before he can get a new job. James is facing

Answer 1

cyclical unemployment

Step-by-step explanation:

The situation when the overall demand for goods and services cannot support full employment in an economy, it results in cyclical unemployment. It takes place during periods of slow economic growth.

In the given question,

as James will have to wait until the economy picks up before he can get a new job, he is facing cyclical unemployment.