[Related to the Apply the Concept on page 292] The BLS defines a job quit as a “voluntary separation initiated by an employee.” The BLS estimated that there were 3.1 million job quits in March 2017....

[Related to the Apply the Concept on page 292] The BLS

defines a job quit as a “voluntary separation initiated by an

employee.” The BLS estimated that there were 3.1 million

job quits in March 2017.

a. Economists distinguish three types of unemployment:

frictional, structural, and cyclical. How would you

classify unemployment caused by an increase in job

quits?

b. Would an increase in the number of job quits suggest

that it was becoming easier or more difficult for people to find jobs? Briefly explain.

Source: Bureau of Labor Statistics, “Job Openings and Labor Turnover Survey—March 2017,” May 9, 2017.