Question: This table below shows the answers given by interviewees (persons) to the Canadian Labour Force Survey. Use the table below to answer the following questions.



This table below shows the answers given by interviewees (persons) to the Canadian Labour Force Survey. Use the table below to answer the following questions. (1 mark each) This person was a full-time homemaker. Now that kids are in school Person A full-time, this person is looking for work and has been interviewed for three jobs over the past 2 weeks. Person B This person has been laid off but expects to be called back to work in 10 weeks, when business at their firm is expected to improve. Person C This person really wants a job but has given up looking for work and has not looked for work in the past 6 months. This person was displaced last year when new technology at the Person D plant they were working reduced the number of jobs. Since then this person has been constantly job searching. Person E This economics graduate is working two nights a week at the 7-11 but wants full-time work as an economist. 1. Which person(s) is structurally unemployed? 2. Which person(s) is cyclically unemployed? 3. Which person(s) is underemployed?You are currently job searching and are given the labour market data below for four different labour markets. In which labour market would your chances of getting a job be best, ceteris paribus? Explain using the appropriate labour market indicator? Labour market 2 3 4 Employed 200 500 2000 60 Working Age population 1000 2000 4000 100Suppose that the natural unemployment rate is 4.5 percent and the actual unemployment rate is 3.5 percent. Then cyclical unemployment is 3.5 percent. 8 percent. -1 percent. 0 percent. O 1 percent
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