Unemployment related to job search is known as ________.

Question

Quizplus · Accepted Answer

Frictional unemployment refers to the temporary unemployment that arises from the time and effort it takes to match employers with job seekers. This could happen due to a mismatch in skills, location, or other factors, and is a natural part of the job search process. Cyclical unemployment is caused by changes in the business cycle and the overall state of the economy, while structural unemployment is caused by a mismatch of skills or industries that lead to long-term unemployment. Tertiary unemployment is not a recognized term in economics.

Unemployment Related to Job Search Is Known as ________