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Chapter 8: Q.7 (page 213)

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

They are counted as frictionally unemployed.

Step by step solution

01

Step 1. 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

Step 2. Explanation

Frictional unemployment refers to the situation when people are volunatrily unemployed because of transitioning from one job to another. New workers joining the labor force are old workers looking for new jobs while unemployed are included in frictionally unemployed.

So, when college graduates start looking for jobs, they are considered frictionally unemployed.

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