| In the short term, the reallocation of workers between the various sectors may take some time, increasing frictional unemployment. |
| This paper falls within the scope of recent efforts to integrate frictional unemployment into New Keynesian models: firms actively look for workers matching their requirements within the pool of job-seekers. |
| Unemployment beyond frictional unemployment is classified as unintended unemployment. |
| Unlike frictional unemployment, long-term unemployment carries with it the loss of human capital and morale, ultimately threatening the employability of the person. |
| Certainly, reallocation of labour could not occur with no frictional unemployment. |
| This is frictional unemployment corresponding to the time it takes young people to find their first job. |
