State if whether is macroeconomic or microeconomic. The reasons why engineers are unemployed
The reasons why engineers are unemployed can be considered as a combination of macroeconomic and microeconomic factors.
Macro factors:
1. Economic conditions: If the overall economy is experiencing a downturn, there may be fewer job opportunities available across all sectors, including engineering.
2. Government policies: Certain policies such as budget cuts, changes in priorities, or industry regulations can impact employment opportunities for engineers at a macro level.
3. Global economic trends: Global economic shifts, like fluctuations in the demand for certain products or services, can influence job availability for engineers in specific industries.
Micro factors:
1. Industry-specific trends: Factors such as advancements in technology, changes in consumer preferences, or shifts in market demand can affect the need for engineers in certain sectors, leading to unemployment in those industries.
2. Skills and qualifications mismatch: If engineers lack the necessary skills or qualifications needed by employers, they may struggle to find suitable job opportunities.
3. Lack of networking or job search strategies: Engineers may face unemployment if they do not effectively network or use appropriate job search strategies to connect with potential employers or job openings.
Thus, the reasons why engineers are unemployed encompass both macroeconomic factors that impact the overall economy and microeconomic factors that are specific to the engineering field and individual circumstances.