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Economics - Financial Markets
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Help please Asap!! Kate just graduated from college and is looking for her first job. Paul did not finish high school and cannot find any employment. Sam is unemployed because the economy is in recession. Using complete sentences, identify and define the type of unemployment each person as listed.
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unemployment based on frictional, seasonal, cyclical, and structural unemployment
seasonal is not applicable in any of these cases
Sam=cylical Kate=frictional Paul-structural
Kam is entering the workforce for the first time=frictional Paul does not have the skillset to find a job=structural Sam is unemployed because there's no demand for workers because of a recession=cylical
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