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Recession Phase
An interval of economic downturn where commercial and manufacturing operations decrease, commonly indicated by two successive quarters of falling GDP.
Disinflation
A slowdown in the rate of increase of the general price level of goods and services in a nation's gross domestic product over time.
Labor Force
The total number of people who are both employed and actively seeking employment.
Actively Looking
The process in which individuals engage in a diligent search for employment or opportunities, often involving submitting applications and attending interviews.
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