A recent college graduate with a major in economics attends a job fair but has not yet found a job. this graduate is counted as a _____ unemployed worker.

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16-08-2022
Business

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A recent college graduate with a major in economics attends a job fair but has not yet found a job. this graduate is counted as a _____ unemployed worker.

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tutorconsortium343 tutorconsortium343 · Answer 1 · 2022-08-21T09:34:10+02:00

A recent college graduate with a major in economics attends a job fair but has not yet found a job. This graduate is counted as a Frictionally unemployed worker.

What is frictional unemployment?

Frictional unemployment happens when a person is voluntarily job searching or searching for a new career. Frictional unemployment isn't necessarily a bad thing. In fact, because frictional unemployment is voluntary, it can be a sign of a healthy economy. It means that employees are seeking new jobs and new careers

What is an example of frictional unemployment?

Examples of frictional unemployment include: Employees leaving their current positions to find new ones. Employees seeking a career change. Individuals entering the workforce for the first time after graduating from college or searching for their first job.

Learn more about frictional unemployment:

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