The theory of frictional unemployment suggests that workers in which age group are least likely to be unemployed for a significant period of time?

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27-07-2022
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The theory of frictional unemployment suggests that workers in which age group are least likely to be unemployed for a significant period of time?

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ogorwyne ogorwyne · Answer 1 · 2022-08-01T16:56:36+02:00

The theory of frictional unemployment suggests that workers in25 - 54 age group are least likely to be unemployed for a significant period of time.

What is meant by the term frictional unemployment?

Unemployment can be defined as the time in a persons life where they have the skills and all of the knowledge to do work yet they do not have the job positions to work handy.

In the case of frictional unemployment, it is a time of transition that people make between jobs. This is the period where they transition between jobs in the nation.

It is when people would voluntarily leave the place that they are working because they are in search of new job opportunities. Hence we can conclude that The theory of frictional unemployment suggests that workers in25 - 54 age group are least likely to be unemployed for a significant period of time.

Read more on frictional unemployment here: https://brainly.com/question/11481076

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