cyclical unemployment

Englisch - Englisch

Definition von cyclical unemployment im Englisch Englisch wörterbuch: A type of unemployment explained by the demand for labor going up and down with the business cycle; Unemployment due to a drop in the demand for labor caused by a recession; (Economics) unemployment that is directly connected with a nation's economy and output level (unemployment grows in times of slow economic growth and falls in times of rapid growth); Unemployment caused by a low level of aggregate demand associated with recession in the business cycle [D]; occurs during recessions, when the demand for labor declines; unemployment due to a recession, when the rate of unemployment is above the natural rate of unemployment (chapter 8); Unemployment in excess of frictional, structural and seasonal unemployment; the increase in unemployment that occurs as the economy goes into a slowdown or recession; unemployment associated with the cyclical fluctuations in economic growth and particularly domestic demand Downturns in economic growth will cause an increase in unemployment through the labour force expanding at a faster pace than jobs growth As firms encounter weaker trading conditions they are forced to reduce staffing which adds further to the pool of unemployed Typically the cyclical pattern of unemployment growth lags behind the business cycle due to time delays in laying off and hiring labour During downturns, firms tend to wait until various signals point to a definite decline in market conditions before making strategic decisions to layoff labour Conversely emerging from a period of weak market conditions, firms tend to lack confidence in the economic upswing and opt in the short term to increase overtime for existing workers rather than permanently expanding their workforce; unemployment due to the ups and downs of economies and businesses; caused by a downward swing in the business cycle; Unemployment caused by a low level of aggregate demand associated with recession in the business cycle; Unemployment caused by a general decrease in demand in the economy that historically happens with intermittent regularity; Temporary layoff of workers due to downturns in the pace of economic activity [FACS] Unemployment caused by a low level of aggregate demand associated with recession in the business cycle [FRBSF] (see also economics, fiscal policy, unemployment rate); Attributive form of cyclical unemployment, noun