Would this decline in employment be classified

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Reference no: EM133659622

Problem: According to an article in the Wall Street Journal, in 2020, Lenox Corporation closed its factory in Kinston, North Carolina, laying off all 159 of its employees who worked there. Lenox intended to produce all of its plates and other dishware in factories located outside the United States. Would this decline in employment be classified as frictional unemployment, structural unemployment, cyclical unemployment, or some combination of these?

Reference no: EM133659622

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