What term is used to describe the movement of workers between different jobs, companies, and industries?

The term "worker mobility" effectively captures the concept of movement of workers between different jobs, companies, and industries. This movement can be influenced by various factors including personal choice, job availability, and economic conditions.

Worker mobility is crucial for a dynamic labor market as it allows individuals to seek better opportunities, adapt to changing economic circumstances, and enhance their skillsets. A high level of worker mobility can contribute to economic growth as it helps in efficiently matching workers' skills with job demands.

In contrast, terms like frictional, structural, and cyclical unemployment refer to specific types of unemployment rather than the broader concept of worker mobility. Frictional unemployment relates to short-term job transitions and the time it takes for individuals to find new positions that match their skills. Structural unemployment occurs when there is a mismatch between the skills of the workforce and the needs of employers, often leading to prolonged unemployment. Cyclical unemployment is linked to the economic cycle, where job losses occur during downturns. Understanding worker mobility gives insight into the overall efficiency and adaptability of the labor market.