Frictional unemployment

noun

Word Frequency: 0.1

Definitions

1.nounA type of unemployment explained by people being temporarily between jobs, searching for new ones. A labour market is regarded as being in the state of full employment if frictional unemployment is the only kind of unemployment present.

Synonyms

search unemployment seasonal unemployment cyclical unemployment funemployment labour market labor market full employment employment job market jobseeking job searching okun's law

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