When the steel industry collapsed in Pennsylvania, many longtime steel

QUESTION

When the steel industry collapsed in Pennsylvania, many longtime steelworkers could not find new jobs because they lacked the skills required to work in new industries such as computer technology.

Which unemployment category describes these workers?
A) cyclical
B) structural
C) seasonal
D) transitional
E) frictional

ANSWER

Answer: B
Explanation: B) Structural unemployment refers to people who are out of work due to a mismatch in the skills they possess and the jobs that are available.