Your friend is cyclically unemployed, which means they lost their job due to factors that cause the overall economy or their industry to decline temporarily. As an economics major, you would explain that cyclical unemployment occurs when a person loses their job due to a downturn in overall economic activity, and their job loss was likely due to broader economic conditions rather than something about them as an individual. You would advise them to apply for unemployment benefits and look for work in a growing industry while the economy recovers.

1. A friend comes to you, an economics major, and states that they have lost their job. They have
the skills associated with a college degree and the job loss has been categorized as cyclically
unemployed. (Short answer is a minimum of 150 word response.) Briefly define the category of
unemployment and explain the reason they were laid off. Your response must also include
responses to the following: Are