Frictional unemployment is present in an economy because:
A) workers often need to update their skills.
B) workers take time to decide which job is best for them.
C) firms often lay off workers due to economic recession.
D) the unemployment rate is too low.
E) there are often changes in the industrial makeup of an economy.

Question

Quizplus · Accepted Answer

Frictional unemployment occurs when workers are temporarily unemployed while transitioning between jobs or entering the workforce, as they take time to find a job that best matches their skills and preferences.

Frictional Unemployment Is Present in an Economy Because