The text outlines three kinds of unemployment frictional


The text outlines three kinds of unemployment: Frictional, Structural, and Cyclical. The Bureau of Labor Statistics describes a fourth kind, seasonal unemployment, as: "The seasonal fluctuations in the number of employed and unemployed people reflect not only the normal seasonal weather patterns that tend to be repeated year after year, but also the hiring (and layoff) patterns that accompany regular events such as the winter holiday season and the summer vacation season." Of the four, structural unemployment is the most challenging for people.

In this discussion assignment, provide an example of each kind of unemployment you have either experienced or witnessed. Consider what you might personally do to avoid structural unemployment in your own career.

Bureau of Labor Statistics. (2016). Labor Force Statistics from the Current Population Survey. Retrieved from: https://www.bls.gov/cps/faq.htm.

Please answer in 150 words or more. Please do not copy and paste from a web site. Be sure to reference your sources.

Solution Preview :

Prepared by a verified Expert
Business Management: The text outlines three kinds of unemployment frictional
Reference No:- TGS02224126

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)