what is cyclic unemployment pls tell
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Cyclical unemployment is the component of overall unemployment that results directly from cycles of economic upturn and downturn. Unemployment typically rises during recessions and declines during economic expansions.
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Cyclical unemployment is a type of unemployment which is related to the cyclical trends in the industry or the business cycle. ... Cyclical unemployment is directly related to the macro-economic situation in the economy. It would rise at a time of recession, while reduce when the economy starts recovering.
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