Cyclical Unemployment

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Definition: Cyclical Unemployment

Cyclical Unemployment

Quick Summary of Cyclical Unemployment

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

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Sources

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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May 22, 2024 https://payrollheaven.com/define/cyclical-unemployment/.
Chicago Manual of Style (CMS):
Cyclical Unemployment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/cyclical-unemployment/ (accessed: May 22, 2024).
American Psychological Association (APA):
Cyclical Unemployment. PayrollHeaven.com. Retrieved May 22, 2024
, 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 | 0 Views.