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This 1 page Class Notes was uploaded by Newton Cartwright on Monday October 5, 2015. The Class Notes belongs to ECON1 at City College of San Francisco taught by Staff in Fall. Since its upload, it has received 20 views. For similar materials see /class/219524/econ1-city-college-of-san-francisco in Economcs at City College of San Francisco.
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Date Created: 10/05/15
Econ 1 Asatar Bair abairccsfedu Types of Unemployment O Frictional there are enough jobs but due to job search time some people experience shortterm unemployment while they find a job AA Structural there are enough jobs but the newjobs being created require new skills which those out of work do not have Q AO I 4 Cyclical During a recession the rate of job creation slows and some jobs are elimi nated resulting in a shortage of jobs