Laron Kelly recently quit his job as a car salesperson and is now trying to find a job with another car dealership. This is an example of which type of unemployment?

Question

Quizplus · Accepted Answer

Frictional unemployment refers to the temporary unemployment that occurs when a person is searching for a job or transitioning between jobs. In this case, Laron Kelly is voluntarily in between jobs, which fits the definition of frictional unemployment.

Laron Kelly Recently Quit His Job as a Car Salesperson