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Business, 22.02.2020 05:25 Siris420

The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics.
Identify each person in the table as structurally, frictionally, or cyclically unemployed.

1. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Caroline.
2. Shen recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work.
3. Valerie just graduated from college and is looking for a full-time position with an investment banking firm.

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