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Cyclical Unemployment
A type of unemployment that relates to the cyclical trends in the economy, fluctuating with the business cycle's contraction and expansion phases.
Automobile Industry
A sector of the economy focused on the manufacturing, design, marketing, and selling of motor vehicles.
Unemployment Rate
The share of the labor market that is unemployed and searching for a job actively.
Structural Unemployment
Joblessness caused by the restructuring of industries, often as a result of advancements in technology, rather than variations in market supply or demand.
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