Examlex
List and describe two types of warranties.
Cyclically Unemployed
Individuals who are unemployed due to the downturn in the business cycle, such as during a recession.
Structurally Unemployed
Individuals who are unemployed due to a mismatch between their skills and the requirements of the current job market, often because of technological changes or shifts in the economy.
Seasonal Unemployment
Unemployment resulting from the seasonal pattern of work in certain industries, with workers regularly laid off during the slow season and rehired during the busy season.
Unemployment Rate
The unemployment rate is the percentage of the labor force that is jobless and actively seeking employment.
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