Frictional unemployment is the most common type of unemployment. It refers to the time it takes unemployed people to decide on a job position and the time it takes employers to pick the right candidate. An example of frictional unemployment is when a person quits their current job in pursuit of a better one, but they have not found the new job yet. Frictional unemployment is typically short term and voluntary. However, we should monitor this because if the number is too high then it can affect the health of the
Frictional unemployment is the most common type of unemployment. It refers to the time it takes unemployed people to decide on a job position and the time it takes employers to pick the right candidate. An example of frictional unemployment is when a person quits their current job in pursuit of a better one, but they have not found the new job yet. Frictional unemployment is typically short term and voluntary. However, we should monitor this because if the number is too high then it can affect the health of the