Classify civilian labor force in Riverside into one of the following unemployment types: structural, cyclical, and frictional unemployment and explain why.

Case Study

Categorize the following groups of people by different types of unemployment and report it to the BLS (Bureau of Labor Statistics) in a month. The document you receive has the following information:

“There are 330,000 people reside in Riverside. Among them, 40% of the population is civilian labor force. The 15% of civilian lost their jobs because their job skills are not required any longer. 30% of civilian workers are unemployed because the economy is busted. 55% of remaining civilian workers are actively looking for jobs.”

Classify civilian labor force in Riverside into one of the following unemployment types: structural, cyclical, and frictional unemployment and explain why.

Calculate how many of civilian labor force in Riverside would fall into each type of unemployment.