Cyclical unemployment is a kind of unemployment out of the 5 types described in total. This has its origin in the times of recession when many organizations are forced to lay off their employees. This generally relates to the cyclic trends in a business cycle viz. growth and decline of the business’ production or sales.
Most affected from this kind of employment are the businesses that are seasonal in their production patterns or get affected by the recession.
This is the only kind of unemployment that doesn’t occur at any other times especially at the peak of a business.
No comments:
Post a Comment