Examlex
List five of the countries that make up the European Union (EU).
Labor-Force Participation Rate
The rate of the labor force participants who are of working age, encompassing those in employment and those actively searching for a job.
Unemployment Rate
The proportion of the labor force that remains unemployed and is actively looking for ways to gain employment.
Cyclical Unemployment
Unemployment caused by the downturns of the economic cycle, such as recessions.
Natural Rate of Unemployment
The level of unemployment consistent with a stable rate of inflation, caused by the supply and demand for labor adjusting to various market factors.
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