Issues in Economics Today 7th Edition by Robert Guell

Exercise 4

Suppose you walked into an unemployment office and found the following people: a laid-off mall Santa Claus, an unemployed auto-industry worker (who is subject to call-back by their company), a woman who lost her job at a manufacturer because the company relocated to Mexico, and a nurse who just moved to town because his wife recently started a new job. Assign the following labels to the people above: cyclically unemployed, frictionally unemployed, structurally unemployed, and seasonally unemployed. Then, explain your assignment of the terms to each person.