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Except for Recessions,the Duration of Unemployment for the Typical Person

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Except for recessions,the duration of unemployment for the typical person lasts


Definitions:

Seasonal Unemployment

Joblessness related to seasonal variations in demand or supply of labor, commonly seen in industries such as tourism, agriculture, and retail.

Type of Unemployment

Categories of unemployment including cyclical, caused by economic downturns; frictional, resulting from the time lag between jobs; and structural, due to changes in the industry structure or technological advances.

Frictional Unemployment

Temporary unemployment occurring when individuals are transitioning between jobs, careers, or locations.

Job Search

The process by which individuals seek to find and apply for job opportunities that match their skills and preferences.

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