| periodic unemployment caused by fluctuations in the business cycle. |
Cyclical Unemployment
Unemployment resulting from changes in the business cycle.
Investopedia Commentary
An example of cyclical unemployment is layoffs and cutbacks resulting from a recessionary economic phase.
Related Links
Surveying The Employment Report
See also: Business Cycle, Coincident Indicator, Frictional Unemployment, Lagging Indicator, Leading Indicator, Natural Unemployment, Structural Unemployment