Throughout 2016 Alberta's oil and gas sector laid-off thousands of workers due to low oil prices. If oil prices do not recover these unemployed workers would classed as

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Quizplus · Accepted Answer

The unemployed workers in Alberta's oil and gas sector are facing structural unemployment, which occurs when the demand for a particular type of labor decreases due to changes in the economy, technology, or consumer preferences. The low oil prices are a structural issue in the industry, and it is unlikely that the demand for workers will recover in the near future. Seasonal unemployment occurs when there is a predictable slowdown in a particular industry during a particular season. Frictional unemployment occurs when workers are between jobs or are seeking new jobs. Cyclical unemployment occurs during a downturn in the business cycle, when there is a general decrease in demand for goods and services. Naturally unemployed is not a recognized category of unemployment.

Throughout 2016 Alberta's Oil and Gas Sector Laid-Off Thousands of Workers