Cyclical Unemployment (redirected from Unemployment types)

Cyclical Unemployment

Unemployment resulting from changes in the business cycle.

Notes:

An example of cyclical unemployment is layoffs and cutbacks resulting from a recessionary economic phase.

See also: Business Cycle, Coincident Indicator, Frictional Unemployment, Lagging Indicator, Leading Indicator, Natural Unemployment, Structural Unemployment

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Cyclical unemployment

Unemployment caused by a low level of aggregate demand associated with recession in the business cycle.