There are 440000 people residing in riverside among them 80


There are 440,000 people residing in Riverside. Among them, 80% of the population is the civilian labor force. 15% of the civilian labor force lost their jobs because their job skills are not required any longer. 30% of civilian workers are unemployed because the current wage is fixed at a very high rate.

Classify the civilian labor force in Riverside into one of the following unemployment types: structural and frictional unemployment and explain why.

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Business Economics: There are 440000 people residing in riverside among them 80
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