Asked by Ashley Ochoa on May 17, 2024
Verified
In 2004,Jamal lost his job as a shipbuilder.His shipyard never reopened,and his very specialized skills as a shipbuilder were no longer in demand.Jamal's unemployment is best classified as _____.
A) cyclical
B) structural
C) seasonal
D) frictional
E) voluntary
Structural
Pertaining to the intrinsic, essential framework or construction of something, often used in contexts like structural reforms in economics or structural engineering.
Shipbuilder
A person or company that specializes in the construction of ships.
Specialized Skills
Specific expertise or abilities acquired through education or training, enhancing an individual's performance in a particular job.
- Recognize the distinctions between different types of unemployment.
- Evaluate how special circumstances and shifts in industry demand impact unemployment.
Verified Answer
SW
stephanie wigginsMay 20, 2024
Final Answer :
B
Explanation :
Jamal's job loss is a result of a structural change in the economy, as the demand for his specialized skills in shipbuilding diminished. Cyclical unemployment refers to job loss due to fluctuations in the business cycle, seasonal unemployment is due to seasonal fluctuations in demand for labor, frictional unemployment is due to the time it takes for workers to find new jobs, and voluntary unemployment occurs when individuals choose not to work.
Learning Objectives
- Recognize the distinctions between different types of unemployment.
- Evaluate how special circumstances and shifts in industry demand impact unemployment.