frictional unemployment

British  

noun

1. those people who are in the process of moving from one job to another and who therefore appear in the unemployment statistics collected at any given time

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Example Sentences

"The spike in the unemployment rate confirms that there will be some frictional unemployment through the next couple of months," said Sarah Hunter, Chief Australia Economist for BIS Oxford Economics.

From Reuters

Frictional unemployment arises because searching for a job does not always provide instantaneous results.

From Salon

Frictional unemployment explains why millions could be without work even if there are more vacancies.

From Salon

Faster communication helps reduce frictional unemployment, but as long as people and businesses take time to interview and make up their minds, this type of unemployment too will exist.

From Salon

Anything below unemployment at this level is what the economists call Frictional Unemployment.

From Washington Times