Which of the following describes individuals who are temporarily out of work while transitioning between jobs?

Frictional unemployment refers to the short-term unemployment that occurs when individuals are in between jobs. This type of unemployment is a natural part of the job market, as workers may leave one job and take some time to find a new position that better fits their skills, needs, or aspirations. It reflects the time taken for workers to search for a job that matches their qualifications or personal circumstances.

In contrast, structural unemployment occurs when there is a mismatch between the skills of the workforce and the skills needed for available jobs, often due to changes in the economy or technological advances. Cyclical unemployment is linked to the fluctuations in the business cycle, where job loss occurs during economic downturns. Seasonal unemployment is associated with jobs that are not available year-round, affecting workers during specific times of the year. Frictional unemployment, therefore, best captures the scenario of individuals temporarily out of work while they transition between jobs.