Economics Part B

Frictional Unemployment

Frictional Unemployment Definition

Frictional unemployment definition relates to workers who have left or have been dismissed from one place of work and are seeking alternative employment.  People, e.g fresh graduates, who are looking for work for the first time also belong to the frictional unemployment definition. Furthermore, the period of unemployment of this group is usually fairly short.

At any given time, there are unemployed people belonging to this group.

Frictional Unemployment586Frictional Unemployment