With the tragedy of the 9/11 attacks and the devastation of Hurricane Katrina, workers in both New York City and New Orleans experienced what type of unemployment?
A) frictional unemployment
B) cyclical unemployment
C) structural unemployment
D) seasonal unemployment

Question

Quizplus · Accepted Answer

The unemployment experienced by workers in both New York City after 9/11 and in New Orleans after Hurricane Katrina was primarily structural unemployment. This type of unemployment occurs when the skills and experience of workers no longer match the needs of the available job opportunities. In the case of New York City, many workers in the financial and airline industries were laid off due to decreased demand following the attacks. In New Orleans, many workers in industries such as tourism and fishing were displaced due to damage to infrastructure and loss of business. Both of these situations caused a long-term mismatch between available jobs and the skills of the workforce.

With the Tragedy of the 9/11 Attacks and the Devastation