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it takes workers some time to move from one job to another

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it takes workers some time to move from one job to another

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seasonal unemployment and frictional unemployment
Four types of unemployment include cyclical, seasonal, structural and frictional.

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Frictional unemployment

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Natural rate of unemployment

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To calculate frictional unemployment rate you have to get the labor market turnovers. The frictional unemployment is the portion of the unemployment rate that results from the labor market turnovers.

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