Question

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

Person A has lost their job due to a long-term decline in the demand for their specific skills and expertise. They are categorized as:
a) Structurally unemployed
b) Frictionally unemployed
c) Cyclically unemployed

Answer 1

Person A is classified as structurally unemployed due to a decline in demand for their specific skills and expertise.

Step-by-step explanation:

Person A, who lost their job due to a long-term decline in the demand for their specific skills and expertise, is classified as structurally unemployed. Structural unemployment occurs when there is a disjuncture between the skills workers have and the skills employers are seeking. In this case, the decline in demand for Person A's skills has made them unemployed.