Unemployment resulting from normal turnover in the labor market is called:
A)frictional unemployment.
B)cyclical unemployment.
C)structural unemployment.
D)season unemployment.

Question

Quizplus · Accepted Answer

Frictional unemployment occurs when workers are in between jobs or transitioning to new ones. This type of unemployment results from the normal turnover in the labor market and is not caused by any economic downturns or structural shifts in the economy, distinguishing it from cyclical and structural unemployment. Seasonal unemployment is a variant of frictional unemployment, but it specifically refers to job loss due to changes in seasonal demand, e.g. lifeguards or holiday workers.

Unemployment Resulting from Normal Turnover in the Labor Market Is