ECONOMICS (CBSE/UGC NET)

Read the following excerpt, source:Kiplinger’s Personal Finance Magazine, September 1998."A booming economy. Record-low unemployment. A blizzard of pink slips [a note stating that a person has been fired].What’s wrong with this picture? The fact is, even in the best of times hundreds of thousands of people lose their jobs through no fault of their own ____ You might not get any advance warning, so don’t be caught off guard. Have an up-to-date resume and networking system ____ You want to be able to launch your job search soon after you get the bad news."What type of unemployment does the passage describe?