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The main role of a market is to
Unemployment Spells
Periods during which an individual is out of work and actively seeking employment but unable to find a job.
Long-Run Unemployment
Unemployment that persists in an economy for an extended period, typically occurring due to structural changes in the economy such as technological advances or shifts in consumer demand.
Unemployment Rate
The proportion of the labor force that is without work but actively seeking employment and willing to work, expressed as a percentage.
U-4 Measure
A specific measure of unemployment that includes all persons who are not currently working but are willing to work and actively seeking employment, plus discouraged workers.
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