John Smith leaves his job in New York to go to California in hopes of finding a better one. If John Smith is unemployed while searching for a job in California, economists would consider him to be A. frictionally unemployed. B. structurally unemployed. C. cyclically unemployed. D. naturally unemployed.

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Social Studies

Finley Ferguson

21 January, 18:52

John Smith leaves his job in New York to go to California in hopes of finding a better one. If John Smith is unemployed while searching for a job in California, economists would consider him to be A. frictionally unemployed. B. structurally unemployed. C. cyclically unemployed. D. naturally unemployed.

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Teresa Stewart · Answer 1

The economists would consider John Smith as frictionally unemployed while searching for job in California.

Option A

Explanation:

Frictional unemployment is sometimes also called search unemployment. It can be defined as the time spent between searching for a new job while leaving another job in which a person is still working. This may result due to better opportunities or better salary, or lack of satisfaction from the previous job.

It may take place in a good functioning economy as well, where workers are not satisfied with their work. It is somehow even present in all economies and is a growing concern in today's world, where millennials are never satisfied with their work environment.