Business, 06.05.2020 02:06 tsunommygames

The three people described below are categorized as unemployed by the Bureau of Labor Statistics,

Identify each person below as structurally, frictionally, or cyclically unemployed.

a. Lucia is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job.
b. Ginny is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitals in the San Francisco Bay Area.
c. Eric left his job as a plumber when his wife took a position in another region. The quantity of plumbing services demanded is considerably lower in the new region, in part because of high, union-negotiated wages. He would like to work at the high union wage but remains unemployed due to a lack of plumbing jobs.

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The three people described below are categorized as unemployed by the Bureau of Labor Statistics,

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