Project Paper 2 - Chapter 16 Question 5"Frictional...

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Chapter 16 Question 5: "Frictional unemployment is the short-term unemployment of people who are changing jobs, careers, or locations. This category of unemployment includes the jobless who have the skills and competencies to land a job, and are in the process of finding a job, but have not landed a job yet. Workers who look out for a new job when still retaining their old jobs do not count under frictional unemployment." (Nayab, 2010) Frictional unemployment is important to have in any economy because it allows for both the employer and employee to find the right match. Without frictional unemployment someone may get hired on to a job that they are not suited for and they will not do as good a job as they could with a job they are more qualified for if they researched the available jobs on the job market. For example, I would not try to get a job in a doctor's office because I am unemployed just to get a job. If I did this, I would not do a good job at it as I am not studying in the medical field, but in the IT field. Also, if an employer hired me at a doctor's office (to fill an
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Project Paper 2 - Chapter 16 Question 5"Frictional...

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