In 2004,Jamal lost his job as a shipbuilder.His shipyard never reopened,and his very specialized skills as a shipbuilder were no longer in demand.Jamal's unemployment is best classified as _____.
A)cyclical
B)structural
C)seasonal
D)frictional
E)voluntary

Question

Quizplus · Accepted Answer

Jamal's job loss is a result of a structural change in the economy, as the demand for his specialized skills in shipbuilding diminished. Cyclical unemployment refers to job loss due to fluctuations in the business cycle, seasonal unemployment is due to seasonal fluctuations in demand for labor, frictional unemployment is due to the time it takes for workers to find new jobs, and voluntary unemployment occurs when individuals choose not to work.

In 2004,Jamal Lost His Job as a Shipbuilder