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9 . Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each
9 . Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical A recent recession has reduced the number of visitors to a local water park. The park has had to lay off O many of its employees, including Latasha. O O Frances just moved with her husband to Bismark, North Dakota. She's looking for a job as a judicial clerk. O O O Dmitri recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational O O O training. The following table presents data on frictional, cyclical, structural, and total unemployment for an economy.Rate Unemployment Type (Percent) Frictional 3.2 Cyclical 0.0 Structural 1.1 Total unemployment 4.3 True or False: This economy is currently at its natural rate of unemployment. O True O False
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