cyclical unemployment


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cyclical unemployment

n
(Industrial Relations & HR Terms) unemployment caused by fluctuations in the level of economic activity inherent in trade cycles

cyclical unemployment

Unemployment resulting from downward fluctuations in economic activity within trade cycles.
References in periodicals archive ?
On December 6, Maine Department of Labor launched our new ReEmployME unemployment filing system, part of a four-state unemployment insurance consortium with Mississippi, Connecticut and Rhode Island, after months of preparation and over a dozen various communications with those who would and could be most affected by the change current and cyclical unemployment claimants, estimated to be roughly 7,000.
BLS defines full employment as an economy in which the unemployment rate equals the nonaccelerating inflation rate of unemployment (NAIRU), no cyclical unemployment exists, and GDP is at its potential.
Notice that in the post-2009 sample, there is a sharper recovery of cyclical unemployment than of cyclical TFP.
On the other hand, Boeri and Jimeno (2015) argue that long-term trends and the long lasting effects of the crisis on the relationship among macroeconomic variables make it more and more difficult to disentangle structural and cyclical unemployment, and, in fact, the several measures of structural unemployment, however defined, just fluctuate too much over time to qualify for being considered as structural.
In this way, prolonged cyclical unemployment causes permanent shrinkage of the labour force.
The aim of this article is to investigate whether cyclical unemployment causes subsequent cyclical self-employment.
Cyclical unemployment is when workers lose their jobs during economic downturns as measured by Gross Domestic Product (GDP), which usually accounts for high unemployment rates.
Those of us who fear that the Fed's approach has greatly deepened the US economy's malaise and is turning America's cyclical unemployment into permanent long-term structural non-employment have lost the domestic monetary-policy argument.
The unemployment problem chiefly affects low-skilled workers, an important influx of immigrants may increase a country's low-skilled unemployment rate, and low-skilled workers' cyclical unemployment may determine structural unemployment.
The cap covers all welfare payments except the state pension and benefits linked to cyclical unemployment rates - principally Jobseekers' Allowance - and is a key part of the Chancellor's strategy to drive down state spending over the long term.
The cap covers all welfare payments except the state pension and benefits linked to cyclical unemployment rates - principally Job Seekers' Allowance - and is a key part of the Chancellor's strategy to drive down state spending over the long term.