Economists describe cyclical unemployment as the result of businesses not having enough demand for labor to employ all those who are looking for work. The lack of employer demand comes from a lack of spending and consumption in the overall economy.
Cyclical unemployment is one of five classes of unemployment as recognized by economists. Other types include structural, frictional, classical and Marxian. In most cases, several types of unemployment exist at the same time. With the exception of cyclical unemployment, the other classes can be occurring even at the peak ranges of business cycles, when the economy is said to be at or near “full employment”.
Investment dictionary. Academic. 2012.
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cyclical unemployment — Unemployment caused by a low level of aggregate demand associated with recession in the business cycle. Bloomberg Financial Dictionary … Financial and business terms
cyclical unemployment — (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) … English contemporary dictionary
cyclical unemployment — periodic unemployment caused by fluctuations in the business cycle. * * * … Universalium
cyclical unemployment — noun A type of unemployment explained by the demand for labor going up and down with the business cycle … Wiktionary
cyclical unemployment — See unemployment … Dictionary of sociology
cyclical unemployment — Econ unemployment, usually temporary, caused by a lack of aggregate demand, for example, during a downswing in the business cycle … The ultimate business dictionary
cyclical unemployment — periodic unemployment caused by fluctuations in the business cycle … Useful english dictionary
cyclical-unemployment — adjective noun … Wiktionary
Unemployment — World unemployment rates as of January 2009[update] Unemployment (or … Wikipedia
unemployment — noun a) The state of having no job<!pertinent?, which may cause late filial life; joblessness. Unemployment made Jack depressed. b) The phenomenon of joblessness in an economy. Unemployment has been considered a cause of crime. Syn: joblessn … Wiktionary