Answer to Question #283529 in Macroeconomics for kika

Question

The text outlines three kinds of unemployment: Frictional, Structural, and Cyclical. The Bureau of Labor Statistics describes a fourth kind, seasonal unemployment, as: “The seasonal fluctuations in the number of employed and unemployed people reflect not only the normal seasonal weather patterns that tend to be repeated year after year but also the hiring (and layoff) patterns that accompany regular events such as the winter holiday season and the summer vacation season.” Of the four, structural unemployment is the most challenging for people.

In this discussion assignment, provide an example of each kind of unemployment you have either experienced or witnessed. Consider what you might personally do to avoid structural unemployment in your own career.

Answer 1

Frictional unemployment caused by unemployment transition in the economy. An ideal example is an individual.

Frictional unemployment is a type of unemployment that occurs when someone leaves a job freely and is unable to find another. As a result, it's commonly referred to as "search unemployment," however it can also refer to time spent between jobs.