ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Frictional unemployment is the result of voluntary employment transitions within an economy. Frictional unemployment occurs in a growing, stable economy. Workers moving from job to job and new workers entering the workforce contribute to frictional unemployment.

Detailed explanation-2: -Frictional unemployment examples include: People who leave their current job to find a better one. People who are entering the workforce for the first time. People who are reentering the workforce.

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 Frictional unemployment is the result of people voluntarily leaving their jobs. People who’ve resigned from their jobs and graduates seeking their first jobs need time to find employment, leaving them unemployed in the interim.