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Unemployment Spells
Periods during which an individual is unemployed and searching for a job.
Short Term
Typically refers to a time frame of up to one year, used to describe periods, financial instruments, or investments with brief durations.
Long Term
Referring to an extended period, often implying a duration that affects future conditions or outcomes.
Structural Unemployment
A form of unemployment that arises from a mismatch between the skills that workers offer and the skills demanded by employers, often due to technological changes or market shifts.
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