A welder who quits his job and moves from Pittsburgh to Madison to try to get a better welding job is said to be: frictionally unemployed.
Frictional unemployment is a type of unemployment that reflects the time between someone quitting a job voluntarily and finding another. As a result, it is commonly referred to as search unemployment, albeit it also encompasses breaks in work when switching jobs.
The frictional unemployment rate is computed by dividing the total labor force by the number of workers actively looking for work. Workers actively looking for work are often divided into three groups: those who have left their jobs, those who are returning to the labor, and new entrants.
Frictional unemployment occurs when a person is actively looking for work or a new career. Frictional unemployment is not always a bad thing. Indeed, because frictional unemployment is voluntary, it can indicate a thriving economy.
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