A factory closed in a small town in the USA in order to move production to India. The people who worked at the factory in the USA who are now looking for a new job represent(1 point)

Question

Responses

structural unemployment
structural unemployment

cyclical unemployment
cyclical unemployment

frictional unemployment
frictional unemployment

they are not considered part of the labor market

Answer 1

The people who worked at the factory in the USA and are now looking for a new job represent structural unemployment. This type of unemployment occurs when there is a mismatch between the skills workers have and the skills needed for available jobs, often due to changes in the economy, such as a factory moving production overseas.