Definition, Meaning & Synonyms
frictional-unemployment
noun
/ˈfrɪkʃənəl ˌʌnɪmˈplɔɪmənt/
Definition
Frictional unemployment refers to the short-term unemployment that occurs when people are temporarily between jobs or are seeking their first jobs.
Examples
- Many recent graduates experience frictional unemployment as they search for the right job after completing their education.
- Frictional unemployment can also occur when individuals relocate to a new area and need time to find a suitable job.
Meaning
It is a normal part of the job market that arises from the time lag between jobs and can be influenced by factors such as workers voluntarily leaving one position in search of another that better fits their skills or pays more.
Synonyms
- transitional unemployment
- temporary unemployment
- voluntary unemployment
