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22 October, 18:08

A college graduate who is searching for his first job illustrates the concept of cyclical unemployment. frictional unemployment. structural unemployment. an employed individual. a discouraged worker.

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  1. 22 October, 19:00
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    Answer: frictional unemployment

    Explanation:

    Frictional unemployment is also referred to as search unemployment. Frictional unemployment is the time that people spend between jobs when they are looking for a job or in cases whereby they are transferring from one job and looking for another job.

    The turnover in the labor market is actually a reason for being frictionally unemployed. Also, when someone graduates from college, the person also begins to look for work. The person is frictionally unemployed during the time that he or she is looking for job.
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