Frictional unemployment:

Frictional unemployment:

This is the most short duration condition seen in the economy. This is the transaction period when an individual leaves a job and looks for another one. The time period in between the shifting of the jobs is called frictional unemployment. If the individual belongs to a developed economy then the probability of this type of unemployment is very low. Otherwise the person has to face difficult times. Some financial programs are other called as employment insurance to tide over this type of temporary problems.