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  • Career Planning

    Frictional Unemployment: Causes & Effects

    March 3, 2023 /

    Frictional Unemployment: Causes & Effects Have you ever wondered why it takes time for people to find new jobs, even when there are job openings available? This phenomenon is known as frictional unemployment. Frictional unemployment refers to the temporary unemployment that occurs when individuals are in transition between jobs. It is a natural part of the labor market and is influenced by various factors. In this article, we will explore the causes and effects of frictional unemployment in detail. Causes of Frictional Unemployment 1. Job Search Time One of the primary causes of frictional unemployment is the time it takes for individuals to search for suitable job opportunities. Job seekers…

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