... time. If someone is made redundant it may be some time before they find another job which is vacant, and it is quite likely that they will not take the first job they come across but will search for one which best suits their skills and preferences. It follows that the level of frictional unemployment in an economy will be heavily affected by the availability of information regarding the labour market. If it is hard to find out about vacancies, it will take a long time for workers to find a position which is suited to them. It is also argued that unemployment benefits may have an effect on frictional unemployment levels, because if benefits are relatively high then people will feel able to stay out of work for longer and spend more time searching for an appropriate job. Structural employment is caused by more long run changes in the ...

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