CYCLICAL UNEMPLOYMENT

In the cyclical type, unemployment is general unemployment during a certain crisis or recession, the level and duration of which are determined depending on the sectors of the economy. In this case, the quantitative imbalance in the labor market is concretely manifested, that is, the supply of labor exceeds the demand for it to a dangerous degree. The duration of cyclical unemployment appears to be highest during economic downturns and lowest during periods of economic growth.