Markus enters the labor force after graduation from college to seek a job that will use the skills he gained earning his degree in mathematics, a field in which there are many job openings. During his search for a job, he will be considered to be _____ unemployed.

Question

Quizplus · Accepted Answer

Markus is considered to be frictionally unemployed because he is in between jobs and actively looking for work that matches his skills and qualifications. Frictional unemployment occurs when individuals are temporarily unemployed while transitioning from one job to another or entering the workforce for the first time, as in Markus's case.

Markus Enters the Labor Force After Graduation from College to Seek