Why is it called frictional unemployment? I don't really get the frictional part -- where's the friction? Also, are those who are unemployed because of this reason -- students, craftspeople, etc, are they called "frictionally unemployed" or are they just straight up unemployed?
a theme park shuts down during the winter, leaving all its workers seasonally unemployed. frictional unemployment in a nutshell frictional unemployment is mostly considered to be a good thing. it typically indicates that the economy is strong. people who might be frictionally unemployed—meaning they...
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For example, do those people who are seasonally unemployed have different eligibility standards or paperwork to fill out than those who are structurally unemployed, or those who are frictionally unemployed? ByEarlyForest— On Oct 11, 2010