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Chapter 21: Q. 7 (page 523)

Many college students graduate from college before they have found a job. When graduates begin to look for a job, they are counted as what category of unemployed?

Short Answer

Expert verified

Frictionally unemployed.

Step by step solution

01

Step1. Introduction

Unemployment refers to the situation when a person who is willing to work and is actively looking for work is not able to get work.

02

Step2. Explanation

Any new entrant to the labor force, or ones looking for a shift in jobs, until they join the job are said to be frictionally unemployed. Hence, the college graduates are frictionally unemployed.

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Most popular questions from this chapter

Is the increase in labor force participation rates among women better thought of as causing an increase in cyclical unemployment or an increase in the natural rate of unemployment? Why?

Under what condition would a decrease in

unemployment be bad for the economy?

What is structural unemployment? Give examples of structural unemployment.

What is the difference between being unemployed

and being out of the labor force?

Is the higher unemployment rates for minority workers necessarily an indication of discrimination? What could be some other reasons for the higher unemployment rate?
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