What Is Frictional Unemployment?

Refers to temporary unemployment caused by changes in various factors in the operation of the economy and functional defects in the labor market. It is generally caused by a time lag between the job seeker and the position provided by the demand side.

Friction unemployment

Means due to

The industry is wide and involves many people, and the duration of unemployment is short.

The dynamic nature of the labor market, imperfect information and current

From the perspective of China's labor market supply and demand, the contradictions reflected are mainly that job seekers cannot find suitable positions according to their wishes, and it is sometimes difficult for employers to find talents with certain special skills. The most outstanding performance in our country is that, on the one hand, the employment difficulties of college graduates have become increasingly prominent, while in some parts of our country, there is a serious shortage of skilled workers. From the analysis of development trends in recent years, with the improvement of workers' self-awareness and awareness of rights protection, they have put forward higher requirements on employers in terms of employment management, social security, labor conditions, wages, etc., but employers Progress in these areas has been relatively slow and cannot accommodate job seekers.