Dean graduated from college in May, but in July had still not found employment. Dean is experiencing .....

BUSINESS CYCLES

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Dean graduated from college in May, but in July had still not found employment. Dean is experiencing ____

A	frictional unemployment
B	cyclical unemployment
C	seasonal unemployment
D	structural unemployment

Explanation:

Detailed explanation-1: -For example, a worker who quits their job in anticipation of lining up another one or someone who has just entered the workforce after graduation would be considered frictionally unemployed.

Detailed explanation-2: -The frictional unemployment rate is calculated by dividing the workers actively looking for jobs by the total labor force.

Detailed explanation-3: -Frictional unemployment happens when a person is voluntarily job searching or searching for a new career. Frictional unemployment isn’t necessarily a bad thing. In fact, because frictional unemployment is voluntary, it can be a sign of a healthy economy. It means that employees are seeking new jobs and new careers.

Detailed explanation-4: -Frictional Unemployment is caused by delays in matching available jobs and workers. Time lags create friction in the labor market and the result is temporary frictional unemployment.

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ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUSINESS CYCLES