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31 July, 02:25

Is a form of unemployment that involves layoffs during recessions?

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  1. 31 July, 04:52
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    Unemployment is the art of being jobless. Unemployment rate is the number of people unemployed as a percentage of labor force where the labor force include those unemployed plus those in paid or self employment. There are several types of unemployment including, seasonal, cyclical, structural and frictional unemployment among others. In this case, cyclical employment involves layoffs during recessions.
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