Susie has lost her job in a Vermont textile plant because of import competition. She intends to take a short course in electronics and move to Oregon, where she anticipates that a new job will be
Available. We can say that Susie is faced with

Question

Quizplus · Accepted Answer

Susie's job loss was not due to temporary or cyclical factors (such as a downturn in the economy or a seasonal decrease in demand for textiles), but rather due to the long-term decline and competition in the textile industry. This type of unemployment is classified as structural unemployment, which occurs when there is a mismatch between the skills and qualifications of workers and the available job opportunities in the economy. Susie is attempting to retrain herself in a different industry in order to find new job opportunities, which is a common strategy for those facing structural unemployment.

Susie Has Lost Her Job in a Vermont Textile Plant