Nancy returns to school to study medicine.After graduating during an economic boom,she spends six months looking for a job.During this period,she is considered

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Frictional unemployment occurs when an individual is between jobs or is searching for a new job. Nancy is considered frictionally unemployed since she is actively looking for a job after graduating during an economic boom. Cyclically unemployment occurs when there is a downturn in the business cycle. Structurally unemployment occurs when there is a mismatch between an individual's skill set and available jobs. Seasonal unemployment occurs when individuals lose their jobs due to the time of year or season.

Nancy Returns to School to Study Medicine