Cyclical Unemployment - The fluctuating rate of unemployment resulting from swings in the business cycle
Frictional Unemployment - The time period when a worker is searching for or transitioning to a new job.
Voluntary Unemployment - When an individual makes a conscious decision to not work.
Structural Unemployment - When there is unemployment due to workers not having the right skill set for the jobs that the economy can offer.
Seasonal Unemployment - Workers are not employed all year round due to their industry being specific to a season.
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