What describes frictional unemployment?

Frictional unemployment refers to the temporary period when individuals are unemployed while transitioning between jobs. This can occur for various reasons, such as voluntarily leaving one job to search for a more suitable position or entering the workforce for the first time. It is a natural part of the labor market and often reflects the time it takes for workers to find a job that matches their skills and preferences.

In contrast, the other scenarios described do not fit the definition of frictional unemployment. Job loss due to technology involves structural unemployment as it relates to changes in the economy that displace workers. Unemployment caused by seasonality is specifically related to jobs that are only available during certain times of the year, reflecting cyclical unemployment. Lastly, workers unable to relocate for jobs does not encompass the essence of frictional unemployment, which is primarily about individuals actively searching for new positions, rather than barriers to relocation.