Asked by Caroline Bachus on May 22, 2024
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Frictional unemployment describes
A) recent entrants,re-entrants,and voluntary quits who require only a short time to find new employment.
B) the growing number of job seekers whose absence of skills makes them unemployable in any line of work except unskilled,dead-end jobs.
C) the loss of jobs resulting from periods of recession.
D) extended periods of unemployment during which retraining for new jobs occurs.
E) seasonal layoffs and periods without work,such as construction and public school teaching.
Frictional Unemployment
The short-term unemployment that arises from the process of workers moving between jobs or into the labor market.
Voluntary Quits
The act of employees leaving their job out of their own volition, often indicative of a strong job market or better opportunities elsewhere.
Job Seekers
Individuals actively looking for employment or exploring the job market.
- Identify the various categories of unemployment and understand the reasons behind each.
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Learning Objectives
- Identify the various categories of unemployment and understand the reasons behind each.
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