Examlex
Gaelic and Castilian:
Frictional Unemployment
Unemployment that occurs when workers are between jobs or are entering the workforce for the first time; it is often seen as a natural and necessary part of a healthy economy.
Seasonal Unemployment
This refers to the phenomenon where individuals temporarily lose their jobs due to changes in the season, common in industries like agriculture or tourism.
Nominal Wage
Nominal wage is the amount of money that an employee receives from an employer as payment for work, without adjusting for inflation.
Real Wage
The purchasing power of wages, taking into account the effects of inflation or deflation, indicating the quantity of goods and services that can be bought.
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