Question

Question (1 point) 1st attempt Which of the following situations would be considered frictional unemployment? Choose one or more: O A, A software development firm finds the perfect employee, but it waits to hire her because government regulations require the government to consider other candidates before the firm makes a job offer O B. Arecent college graduate takes a month off to travel while deciding between two job offers. O C. A worker in a textile factory loses her job when manufacturing is mechanized. O D. A worker with ten years of experience in finance gets laid off. He has rejected three job offers because they are below his skill level. O E. A town is devastated when a slow global economy causes the local auto manufacturer to close its factory

Answer 1

Correct options are (A) ,(B),(D)

• Frictional unemployment is a normal labour turn over.
• This type of unemployment differs from other types of unemployment in the fact that it is usually short term.
• It usually occurs due to the following reasons:-
• 1) when an employer's skill doesn't match with their needs.
• 2) workers have left their current job until they find an alternative with better opportunities.
• 3)the Employers lay off some Employees in search of high skilled Employees.
• 4) some workers move out of the workforce for personal reasons like financial problems, pregnancy, sickness etc and return back to the workforce in search of new jobs.