Fred lost his factory job, replaced by welding robots. He has now given up looking for work. Fred is:
A)Not unemployed.
B)Frictionally unemployed.
C)Structurally unemployed.
D)Cyclically unemployed.

Question

Fred lost his factory job, replaced by welding robots. He has now given up looking for work. Fred is:
A)​Not unemployed.
B)​Frictionally unemployed.
C)​Structurally unemployed.
D)​Cyclically unemployed.

Quizplus · Accepted Answer

Fred is not considered unemployed because he has stopped looking for work, which means he is not actively seeking employment and thus not counted in the unemployment statistics.

Fred Lost His Factory Job, Replaced by Welding Robots