A federal program aimed at retraining the unemployed workers of the declining auto and steel industries is designed to reduce _____.
A)seasonal unemployment
B)cyclical unemployment
C)structural unemployment
D)frictional unemployment
E)underemployment

Question

Quizplus · Accepted Answer

The retraining program is targeted at workers of declining industries such as auto and steel. This suggests that the unemployment they face is structural, which is caused by a mismatch between the skills they have and the skills that are currently in demand in the labor market. Thus, the program is intended to reduce structural unemployment by helping workers acquire new skills that are in demand in other industries.

A Federal Program Aimed at Retraining the Unemployed Workers of the Declining