Bob is looking for work after school, but everywhere he fills out an application, the managers say they always have a lot more applications than open positions. Tom has a law degree. Several firms have made him offers, but he thinks he might be able to find a firm where his talents could be put to better use.

Bob is structurally unemployed, and Tom is frictionally unemployed

Explanation:

Bob who is looking for work but the managers say they always have a lot more applications than open positions it shows that he is structurally unemployed, as structurally unemployment shows that there is decline in industry and there is more labor force who want job but there is less firms to hire them. Moreover,  there is involuntary unemployment in economy.

Tom has a law degree, firms want to hire Tom but he think his talent can be used better in any other better firm shows that he is frictionally unemployed as frictionally unemployed is volunteer unemployment. When someone search or shifting jobs for better job.

answer; they are called (pebbling);

answer; oxygen to the brain;