Question

Give a short note on frictional unemployment.

Answer 1

Frictional Unemployment (Temporary Unemployment):

1. Frictional unemployment arises due to an imbalance between the supply of labour and demand for labour.
2. This is because of immobility of labour, lack of necessary skills, break down of machinery, shortage of raw materials etc.
3. The persons who lose jobs and in search of jobs are also included under frictional unemployment.