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Discuss about the cyclical or structural unemployment

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Reference no: EM131737226

Question: Classify the following job losses as seasonal, frictional, cyclical, or structural unemployment - or no change in the unemployment rate at all.

(A) No work for bricklayers in Illinois in February.

(B) GM lays off 50,000 workers after Fed restricts credit.

(C) GM closes plant in Flint, MI; builds new assembly plant in Mexico.

(D) IBM shuts down economic research department.

(E) North Dakota wheat farmers abandon farms after Asian recession reduces worldwide price of wheat.

(F) NBA basketball players locked out by owners.

(G) Firm relocates headquarters from New York to Dallas. Half of staff decides not to accept relocation.

(H) Unnamed fast food chain goes bankrupt after E-coli bacteria poison customers.

(I) High interest rates cut housing starts by 50%, reducing construction employment by 650,000.

(J) Recent June graduates have difficulty finding employment.

Reference no: EM131737226

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