Frictional unemployment
Frictional unemployment is unemployment that occurs as workers move between jobs.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Frictional unemployment. Unemployment that occurs as workers move between jobs.
According to Macroeconomics by Mankiw (7th edition),
- Frictional unemployment. The unemployment that results because it takes time for workers to search for the jobs that best suit their skills and tastes. (Cf. structural unemployment.) Full-employment budget deficit]]. See cyclically adjusted budget deficit.