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What is Frictional Unemployment? (Easy Explanation)
3:47
YouTubeHelpful Professor Explains!
What is Frictional Unemployment? (Easy Explanation)
Frictional unemployment occurs when people are temporarily between jobs, such as recent graduates or individuals switching careers. It is considered a natural part of a dynamic economy and is usually short-term. Unlike structural unemployment, it is not caused by economic downturns or technological changes. Policies like job training and better ...
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