Why we could see an increase in the official
Concept Introduction:
Economic Recession: This period is the early stage of depression. In this period, the economy is in the declining stage where slowdown is seen in the stock market, household goods market. Moreover, there is an increase in the unemployment rate.
Unemployment Rate: Unemployment rate refers to the measure of total unemployed population, voluntarily or involuntarily, within the given area out of the total existing population.
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