Question

JTKB is an accounting firm in South Orange County, Florida. Company policy is that whenever JTKB decides to open up a new accounting position, the hiring manager must conduct at least five interviews over a two-week span. Because of this process, JTKB is increasing ____________ in South Orange County, Florida. a. cyclical unemployment b. frictional unemployment c. structural unemployment d. the number of discouraged workers e. labor force participation

Answer 1

Answer:b. frictional unemployment

Explanation:What Is Frictional Unemployment?

- Frictional unemployment is an unemployment which occurs even when the economy is stable or growing.

Employees who are leaving their jobs or those who have just entered the workforce all fall under frictional unemployment.

Frictional unemployment is always there because there are always transitions created by employers and employees. It is an overall employment picture which takes into consideration natural unemployment also eventhough natural unemployment refers to people who are not working due to the lack of skills but frictional unemployment is a voluntary one in which people choose to leave their jobs for other opportunities or for other reasons but since it explains a minimum level of unemployment in an economy it does also includes natural unemployment.