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Macroeconomics

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Moderate

Frictional, Structural and Cyclical Unemployment

MACRO-LCAIJ4

Five years ago Jessie completed a diploma in tool and die making. Since graduation, he has been working at a job in his field that requires him to make various machine parts. Last month his firm recently purchased a 3D printer and realized that they no longer require his skills and has been laid off. He is now actively searching for a new job in his field.

Which of the following categories correctly characterizes the employment status of Jessie?

A

He is a discouraged worker so she is not included in the labor force.

B

He is considered frictionally unemployed and included in the labor force.

C

He is considered structurally unemployed and not included in the labor force.

D

He is considered structurally unemployed and included in the labor force.

E

He is considered cyclically unemployed and included in the labor force.