Economy
Frictional unemployment is the awkward gap between two jobs
HERE’S THE INTERESTING PART
Economists categorize joblessness with cold precision, differentiating the truly doomed from those merely in transit. Frictional unemployment describes the perfectly normal, temporary void where someone has quit a terrible role but hasn't yet started their new one. It prevents the employment rate from ever hitting a perfect zero, ensuring the metric always looks slightly worse than reality.
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