Which of the following describes frictional unemployment?

Frictional unemployment refers specifically to the temporary unemployment that occurs when individuals are transitioning between jobs. This often happens when workers leave one job in search of another that better matches their skills, interests, or needs. It is a natural part of the job search process and can arise for various reasons, such as recent graduates entering the workforce, individuals relocating, or professionals seeking career advancement.

This type of unemployment is generally short-term and is considered a normal aspect of an efficient labor market. The time taken to find a new job varies depending on the individual’s skills and the availability of suitable job openings. The other types of unemployment mentioned, such as long-term unemployment due to economic recessions or structural changes in industries, do not fit the definition of frictional unemployment as they involve more persistent economic conditions rather than individual job transitions.