Frictional unemployment

Frictional unemployment

That part of the jobless total caused by people simply changing jobs and taking their time about it, because they are spending time on job search or are taking a break before starting with a new employer. There is likely to be some frictional unemployment even when there is technically full employment, because most people change jobs from time to time.

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Part of Speech: noun
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Industry/Domain: Economy
Category: Economics
Company: The Economist
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