Frictional Unemployment

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Darcio Mataczyno
Darcio Mataczyno's picture
Frictional Unemployment

The definition of Frictional Unemployment- The unemployed in this group are employees who resigned or were fired from one place of employment, and are looking for other work, in addition to young people who are looking for their first jobs.

What is the definition of first job? Is waitressing or temp jobs are considered to be a first job?

Jason Pride
Jason Pride's picture

Hi Darcio,

Any employment is considered employment in this case. So for example, a college graduate still working as a waiter would not be considered as unemployed while seeking employment in a field related to his area of study. On the other hand a college graduate who did not work during school and is seeking employment would fall into this category.