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Unemployment Rates
The fraction of the whole employment population that lacks a job, however, is actively hunting for one and eager to work.
Prime Working Age
The age range, typically 25 to 54 years, considered most productive and economically active in the workforce.
Natural Rate
A term often used in economics to describe the level of output or unemployment that the economy tends toward in the long run, unaffected by short-term fluctuations.
Unemployment Rate
The percentage of the labor force that is jobless and actively looking for employment, a key economic indicator.
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