What is the source of frictional unemployment? Does frictional unemployment indicate that an economy is working poorly?

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What is the source of frictional unemployment? Does frictional unemployment indicate that an economy is working poorly? How does the job search accompanying frictional unemployment influence the match between worker skills and performance on jobs?

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 06, 2023 06:36 AM

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What is the source of frictional unemployment? Does frictional unemployment indicate that an economy is working poorly?

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Frictional unemployment arises from the natural process of workers transitioning between jobs or entering the labor force for the first time It is not necessarily an indicator that an economy is worki...View the full answer

Macroeconomics Private And Public Choice

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