The three people described in the following table are categorized as unemployed by the U.S. Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed.
|Teresa is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitals in the San Francisco Bay Area.|
|Automobile demand has fallen during a recent recession, and Beth has been laid off from her job on the assembly line.|
|Sam recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he’s considering going back to school for vocational training.|
- The following table shows data on frictional, cyclical, structural, and total unemployment for an economy.
|Unemployment Type||Rate (Percent)|
True or False: This economy is not currently at its natural rate of unemployment.