Definition of frictional unemployment in English:

frictional unemployment

Line breaks: fric|tion¦al un|employ|ment

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 unemployment

Definition of frictional unemployment in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day grotesquerie
Pronunciation: grəʊˈtɛskəri
noun
grotesque quality or grotesque things collectively