frictional unemployment

noun

: the temporary unemployment of resources (as labor) resulting from job changes, imbalance of factors of production, or short term lack of mobility preventing continuous employment

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Cite this Entry

“Frictional unemployment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/frictional%20unemployment. Accessed 5 Mar. 2024.

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