| 释义 |
cyclical unemployment
cyclical unemployment n (Industrial Relations & HR Terms) unemployment caused by fluctuations in the level of economic activity inherent in trade cycles cyclical unemploymentUnemployment resulting from downward fluctuations in economic activity within trade cycles.cyclical unemployment
Cyclical unemploymentUnemployment caused by a low level of aggregate demand associated with recession in the business cycle.Cyclical UnemploymentUnemployment that increases when economic growth decreases and vice versa. Cyclical unemployment increases when demand for products is insufficient for businesses to justify the expense of keeping so many employees on staff. Likewise, the unemployment decreases when demand rises.cyclical unemployment see UNEMPLOYMENT, BUSINESS CYCLE.cyclical unemployment the demand deficient UNEMPLOYMENT that occurs as a result of a fall in the level of AGGREGATE DEMAND and business activity during the RECESSION and DEPRESSION phases of the BUSINESS CYCLE. |