Devina lost her job a while ago when the economy entered a recession. She no longer believes she can get a job and has lost hope of employment. She has several friends in the same scenario. They have all stopped looking for work. This scenario describes:

Question

Quizplus · Accepted Answer

Devina and her friends are classified as discouraged workers, which means they have given up looking for work due to a perceived lack of job opportunities. This is a type of unemployment that is not included in the official unemployment rate, but is still a significant problem. Underemployment refers to someone who is employed but not earning enough to meet their needs or is working in a job below their skill level. Frictional unemployment is due to the normal turnover of workers and job searching. Structural unemployment occurs when there is a mismatch between the skills of workers and the available jobs.

Devina Lost Her Job a While Ago When the Economy