Voluntary unemployment

Voluntary unemployment

Unemployment through opting not to work, even though there are jobs available. This is the joblessness that remains when there is otherwise full employment. It includes frictional unemployment as a result of people changing jobs, people not working while they undertake job search and ¬people who just do not want to work.

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