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2.1 Frictional Unemployment ■ frictional unemployment:caused by the time it takes workers to search for a job occurs even when wages are flexible and there are enough jobs to go around occurs because workers have different abilities,preferences jobs have different skill requirements geographic mobility of workers not instantaneous flow of information about vacancies and job candidates is imperfect CHAPTER 6 Unemployment slide 13 slide 13 § frictional unemployment: caused by the time it takes workers to search for a job § occurs even when wages are flexible and there are enough jobs to go around § occurs because § workers have different abilities, preferences § jobs have different skill requirements § geographic mobility of workers not instantaneous § flow of information about vacancies and job candidates is imperfect 2.1
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