Question

Define the following concepts:
cycle of Unemployment​

Answer 1

Answer:

Explanation:

Cyclical unemployment relates to the irregular ups and downs, or cyclical trends in growth and production, as measured by the gross domestic product (GDP), that occur within the business cycle. ... When economic output falls, the business cycle is low and cyclical unemployment will rise.

Answer 2

Cyclical unemployment relates to the irregular ups and downs, or in other terms is trends in circle for growth and production, as measured by the gross domestic product (GDP) which occur within the business cycle. The decrease in an economic output, results into low in business cycle which gives rise to cyclical unemployment.

Explanation:

• The formula for underemployment rate is:

        Number of underemployed / Total labor force

• Only people who are not working but looks for work or waiting to return to a job are considered as unemployed.

• High underemployment is generally indicator of an economy fall or loss in the gross domestic product, unproductive labor policies and demands, or mismatches between the workers and employers in demand.
• Cyclical employment happens to workers who has downfall in their jobs because of downturns in the business cycles.
• The high in business cycles results in low cyclical unemployment since the total economic output increases.

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