which of the following is an example of a job surplus

1 answer

A job surplus occurs when the number of job openings in a market exceeds the number of job seekers available to fill those positions. Here are some examples that could illustrate a job surplus:

  1. Tech Industry Boom: In a rapidly growing tech hub, companies may be looking to hire numerous software developers and engineers, but there are not enough qualified candidates to fill all the positions available.

  2. Healthcare Crisis: In a situation where hospitals and clinics are expanding but there is a shortage of nurses and healthcare professionals, leading to more job openings than there are job seekers.

  3. Seasonal Employment: A company may have a surplus of seasonal jobs during the holiday season, but there might be too few applicants willing to take those positions.

  4. Industry Shift: As certain industries decline (e.g., coal mining), workers may be displaced, resulting in more job openings in emerging industries than available skilled workers.

If you provide specific options, I could help identify which one represents a job surplus.