Question
A person has left his current job and is looking for another job. He/ she is facing which type of unemployment:
Answer: Option A
Answer: (a)
Frictional unemployment arises due to people moving between jobs, careers or locations or people entering and exiting the labour force or workers and employers having inconsistency or incomplete information.
Actually, people first leave their job and then they try to find a new job according to their choice and this process takes some time to apply for new jobs and for employers to make a selection and hence they remain unemployed for this transition period.
That is why frictional unemployment is also called transitional unemployment and it is always present in the economy.
Was this answer helpful ?
Answer: (a)
Frictional unemployment arises due to people moving between jobs, careers or locations or people entering and exiting the labour force or workers and employers having inconsistency or incomplete information.
Actually, people first leave their job and then they try to find a new job according to their choice and this process takes some time to apply for new jobs and for employers to make a selection and hence they remain unemployed for this transition period.
That is why frictional unemployment is also called transitional unemployment and it is always present in the economy.
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution