The president of a manufacturing firm that makes precision tools in California’s Silicon Valley was quoted in an article in the Wall Street Journal as saying that “production workers . . . are scarce” and that “many applicants lack even the most rudimentary skills.” He added, “I would say in this valley, people looking for jobs are unemployed for a reason.” Are these applicants likely to be cyclically, frictionally, or structurally unemployed, and what would be the reason that most of them are unemployed? Briefly explain.