What is FRICTIONAL UNEMPLOYMENT?

Measurable time out-of-work, like a contractor who is between contracts. Also, the time for an employee laid off and seeking other work. Temporary unemployment due to time lags job hunting if already out of a job.

More On This Topic




Link to This Definition

Did you find this definition of FRICTIONAL UNEMPLOYMENT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary