Greg recently graduated from law school.Although Greg looked for a job last week, he has NOT found one.Which of the following terms describes Greg?

Question

Quizplus · Accepted Answer

Greg is frictionally unemployed because he is a recent graduate who is actively seeking employment but has not found a job yet. Structural unemployment would occur if his skills were no longer in demand or if his job has been replaced by technology, which is not the case here. Seasonal unemployment occurs when there are predictable seasonal changes in demand for labor, which is not applicable here either. Discouraged workers are those who have given up searching for work and are no longer counted as unemployed. Greg is actively searching for work and thus does not fit this category either.

Greg Recently Graduated from Law School