Asked by
Marshaun Campbell
on Oct 13, 2024
Verified
Unemployment due to the length of time it takes to find employment upon entering the labor force or voluntarily between jobs is called
A) cyclical unemployment.
B) frictional unemployment.
C) structural unemployment.
D) natural unemployment.
Frictional Unemployment
A type of unemployment that occurs when people are temporarily between jobs or are waiting to start new jobs, often seen as a natural part of the labor market.
Labor Force
consists of all the people who are of working age, able and willing to work, and actively seeking employment or are currently employed.
- Apprehend the various classifications of unemployment and their inherent attributes.
Verified Answer
DK
Learning Objectives
- Apprehend the various classifications of unemployment and their inherent attributes.