Cyclical Unemployment

Business, Legal & Accounting Glossary

Definition: Cyclical Unemployment


Quick Summary of Cyclical Unemployment


Cyclical unemployment is when workers lose their jobs because of downturns in the business cycle.




Full Definition of Cyclical Unemployment


Cyclical unemployment is the component of overall unemployment that results from economic upturns and downturns. Unemployment rises during recessions and declines during economic expansions. Moderating cyclical unemployment during recessions is a major motivation behind the study of economics and the goal of the various policy tools that governments employ to stimulate the economy.


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Cyclical Unemployment. PayrollHeaven.com. Retrieved September 25, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/cyclical-unemployment/

Definition Sources


Definitions for Cyclical Unemployment are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 7th February, 2020 | 8 Views.