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Depression Phase
An economic downturn marked by a long period of decline in GDP, high unemployment, falling prices, and reduced levels of trade and investment.
Unemployment Rate
The percentage of workers who are jobless and actively seeking positions.
Economic Indicators
Statistics about economic activities that allow analysis of economic performance and predictions of future performance.
Structural Unemployment
A type of unemployment that results from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.
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