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Meaning of frictional unemployment

Source language: EnglishDictionary language: English

frictional unemployment

noun

Definitions

  1. A type of unemployment explained by people being temporarily between jobs, searching for new ones. A labour market is regarded as being in the state of full employment if frictional unemployment is the only kind of unemployment present.

Sources:https://en.wiktionary.org/wiki/frictional%20unemployment

Related words

search unemploymentseasonal unemploymentcyclical unemploymentfunemploymentlabour marketlabor marketfull employmentemployment