Asked by Viktoriia Gervasi on May 06, 2024
Verified
If the official unemployment rate increases from December to January because the Christmas season is over,we can conclude that _____ is responsible for the increase.
A) seasonal unemployment
B) cyclical unemployment
C) structural unemployment
D) frictional unemployment
E) underemployment
Seasonal Unemployment
Unemployment caused by seasonal changes in the demand for certain kinds of labor.
Official Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment, as calculated by government statistics.
Christmas Season
The period leading up to and including Christmas Day, often associated with increased retail activity and festive celebrations.
- Outline the various manifestations of unemployment: frictional, structural, cyclical, and seasonal.
- Understand how unemployment figures are adjusted for seasonal variations.
Verified Answer
Learning Objectives
- Outline the various manifestations of unemployment: frictional, structural, cyclical, and seasonal.
- Understand how unemployment figures are adjusted for seasonal variations.
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