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Posted 10 months ago
Laurens quit his job as a scientist to study full time to be a lawyer.
Which of the following best describes Laurens' employment status?
Choose 1 answer:
(A) Cyclically unemployed
(B) Employed
(C) Frictionally unemployed
(D) Not in the labor force
(E) Structurally unemployed
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Answer from Sia
Posted 10 months ago
Solution by Steps
step 1
To determine Laurens' employment status, we need to understand the definitions of the different types of unemployment and employment status
step 2
Laurens quit his job to study full time, which means he is not currently working and is not looking for work since he is focusing on his studies
step 3
Based on the information provided, Laurens is not cyclically unemployed because this type of unemployment is associated with economic downturns
step 4
Laurens is not employed because he is not currently working
step 5
Laurens is not frictionally unemployed because this type of unemployment is short-term and occurs when people are between jobs or entering the labor force
step 6
Laurens is not structurally unemployed because this type of unemployment occurs when there is a mismatch between the skills of the workers and the jobs available
step 7
Since Laurens is not working and not seeking work due to being in full-time education, he is considered 'not in the labor force'
Answer
D
Key Concept
Employment Status Definitions
Explanation
Laurens is 'not in the labor force' because he has left his job to become a full-time student and is not currently seeking employment.
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