noun[mass noun] Economics
The unemployment which exists in any economy due to people being in the process of moving from one job to another.
More example sentences
- With unemployment at 4.4% of the available workforce, the country is scarcely above what economists term ‘frictional unemployment’.
- If unemployment was previously kept to zero by forcing everyone to keep a job even if they didn't want it, it should rise, even in a madly growing economy, as frictional unemployment is allowed to grow to its natural rate.
- There is likely to be some frictional unemployment even when there is technically full employment, because most people change jobs from time to time.
More definitions of frictional unemploymentDefinition of frictional unemployment in:
- The US English dictionary