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25-06-2020
Business

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Daniel, Steven, and Chris work as engineers in Connecticut. The demand for engineers starts to decline as their company’s profits start to decrease during a recession. As a result, Daniel and Steven are laid off from their jobs. Daniel and Steven would be classified as

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25-06-2020

Answer:

cyclically unemployed

Explanation:

The cyclically unemployed refers to the situation when the economy is in recession period that directly impacts the profits of the company

In the given situation, since Daniel, Steven, and Chris work as engineers in Connecticut. Due to the recession, the company profit is declining that results in a decrease in the demand of the engineers.

Therefore this situation represents the cyclically unemployed

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