Final answer:
Frictional unemployment is a type of unemployment that occurs when workers are in the process of transitioning between jobs. It is caused by the normal workings of the labor market and is used to denote short-run job/skill matching problems. Frictional unemployment allows individuals to find the job for which they are best suited.
Step-by-step explanation:
Frictional unemployment is a type of unemployment that occurs when workers are in the process of transitioning between jobs. It is caused by the normal workings of the labor market and is used to denote short-run job/skill matching problems. Frictional unemployment occurs when people are looking for new jobs that match their skills and preferences, and it takes time for them to find and secure the right job.
For example, when someone leaves their current job to search for a better opportunity, there may be a period of time when they are unemployed until they find a suitable position. During this time, they are frictionally unemployed.
Overall, frictional unemployment is not considered a negative phenomenon, as it allows individuals to find the job for which they are best suited instead of settling for the first job offered.