Final answer:
Recent college graduates who are job searching are considered frictionally unemployed. This category reflects the natural transition period as individuals enter the workforce or move between jobs.
Step-by-step explanation:
College graduates who have not yet found a job and are seeking employment are typically categorized as unemployed. Specifically, this group can be considered part of the frictionally unemployed, which refers to individuals who are temporarily unemployed while they look for a new position. This type of unemployment is often seen as a normal part of the labor market, reflecting the time it takes for individuals to move between jobs or, in the case of recent graduates, to enter the workforce for the first time.