frictional unemployment

frictional unemployment A minimal level of unemployment that will occur in even the most efficient economy. Frictional unemployment exists because of lags between workers leaving one job and taking up another and because there are times of the year when many new workers (such as school and college leavers) enter the labour market; in these circumstances there is some delay in finding them all jobs.

• standard cash flow pattern
• standard cost allowance
• standard costing
• standard deviation
• standard direct labour cost
• standard direct labour rate
• standard direct materials cost
• standard direct materials price
• standard fixed overhead cost
• standard hour
• Standard Industrial Classification
• standardization strategy
• standardized marketing mix
• standard marginal costing
• standard materials usage
• standard mix
• standard operating profit
• standard overhead cost
• standard performance
• standard production cost
• standard purchase price
• standard rate
• standard selling price
• standard time
• standard variable overhead cost