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JAMB Economics 2013 Question 50

Question 50

Labour Market

If Mr. X lost his clerical job at a store and searched for a similar job for ten months before finding one, this implies that Mr. X was

  1. A.structurally unemployed.
  2. B.frictionally unemployed.
  3. C.seasonally unemployed.
  4. D.cyclically unemployed.
Show the answer and explanation

Answer: B (frictionally unemployed.)

Explanation

Frictional unemployment is the time spent between jobs while searching for a new one.