Types of Unemployment
Sally got fired but is taking her time to find a job because she wants it to be the perfect job. What type of unemployment is this?
Frictional
A retired teacher
No
A government program that gives out money to people when they retire as long as they paid 10 years of the tax.
Social Security
Caden dropped out of high school and cant find a job because all the jobs need at least a high school diploma. What type of unemployment is this?
Structural
Sally who is a stay at home mom
no
A government program that gives out free health care for everyone over 65.
Medicare
Mary always get hired during the holiday season to work at Macys but the rest of the year she is unemployed. What type of unemployment is this?
Seasonal
Trevor who just lost his job but is looking for work
Yes
A government program that gives people money when they lose their job
Unemployment insurance
A major recession happens and Jesus has lost his job at Facebook. What type of unemployment is this?
Cyclical
Jesus who just lost his job but is not looking for work
no
A government program that gives out free healthcare for low income individuals
Medicaid
Trevor got fired from his job but he is not rushing back into another job right away. What type of unemployment is this?
Frictional
A retired worker who just lost her part time job and she is not looking for work again
Two government program that help people afford food and formula.
Food stamps and WIC