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Frictionally Unemployed
Individuals temporarily out of work while moving between jobs or looking for their first jobs.
Unemployment Rate
An indicator of the proportion of people in the workforce who are unemployed and searching for work.
Disinflation
A slowdown in the rate of inflation; the process whereby price increases slow down, but the general price level does not decrease.
Recession
A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two consecutive quarters.
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