Question

After being fired from a job, some people find that it may take several months to find a new job in the same line of work, even when the economy is not in a recession. This is an example of __________ type of unemployment.

Answer 1

Answer: frictional unemployment

Explanation:

Frictional unemployment occurs because of the normal turnover in the labor market and the time it takes for workers to find new jobs. Throughout the course of the year in the labor market, some workers change jobs. When they do, it takes time to match up potential employees with new employers. Even if there are enough workers to satisfy every job opening, it takes time for workers to learn about these new job opportunities, and for them to be considered, interviewed and hired.

Answer 2

Answer:

Frictional

Explanation:

The term frictional unemployment is a specific type of unemployment that refers to that situation in which a person being fired from a job takes several months to find a new job in the same line of work.

It can also be referred to as search unemployment in some cases. It must be understood that frictional unemployment is not caused by a shortage of jobs in the economy. It must also be known that unlike other types of unemployment, frictional Unemployment is a voluntary and self-inflicted.