You recently graduated from college and you are actively looking for employment. The economy has completely recovered from the last recession and you are taking your time looking for the "perfect" job. In the meantime, the unemployment you are experiencing is categorized as

Question

Quizplus · Accepted Answer

Frictional unemployment occurs when individuals are temporarily searching for a job or transitioning from one job to another. As the individual in the scenario is actively looking for employment while taking their time to find the "perfect" job, this type of unemployment best fits the description of frictional unemployment. The other types of unemployment - cyclical, structural, and seasonal - do not apply to the scenario.

You Recently Graduated from College and You Are Actively Looking