cyclical unemployment(redirected from Unemployment types)
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Related to Unemployment types: Disguised unemployment
Unemployment caused by a low level of aggregate demand associated with recession in the business cycle.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Unemployment that increases when economic growth decreases and vice versa. Cyclical unemployment increases when demand for products is insufficient for businesses to justify the expense of keeping so many employees on staff. Likewise, the unemployment decreases when demand rises.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
cyclical unemploymentsee UNEMPLOYMENT, BUSINESS CYCLE.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
cyclical unemploymentthe demand deficient UNEMPLOYMENT that occurs as a result of a fall in the level of AGGREGATE DEMAND and business activity during the RECESSION and DEPRESSION phases of the BUSINESS CYCLE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005