Ron quit his job in retail management and moved to British Columbia with his wife,a physician who opened a new practice there.He was not successful in his job search for the next 4 months.Ron's unemployment is:
A) structural.
B) cyclical.
C) frictional.
D) seasonal.

Question

Quizplus · Accepted Answer

Ron's unemployment is due to frictional factors, meaning it is short-term and due to the time it takes to find a new job that matches his skills and preferences. This is because he voluntarily left his job and is actively searching for new employment. Structural unemployment occurs when there is a mismatch between the skills of the labor force and the jobs available, cyclical unemployment is related to economic fluctuations, and seasonal unemployment is due to seasonal factors such as weather or holidays.

Ron Quit His Job in Retail Management and Moved to British