It is evidence that business production is near full capacity and there is little unemployment.
Unemployment
Cyclical unemployment
Yes, it can :)
Cyclical Unemployment results from business recessions that occur when aggregate (total) demand is insufficient to create full employment.Cyclical Unemployment is due to contractions in the economy
Cyclical unemployment
Cyclical unemployment
The four types of unemployment are frictional (temporary job transitions), structural (mismatch of skills and job openings), cyclical (due to economic downturns), and seasonal (due to seasonal variations in demand).
There is no cyclical unemployment.
d. cyclical
Construction Workers!
Cyclical
There are 5 different types of unemployment: Frictional, Seasonal, Cyclical, Hardcore (or longterm) and Structural. The only type of unemployment that can be fixed or conrolled is Cyclical unemployment, due to fluctuations or recession in the business cyle. Cyclical unemployment causes employers to cut down workers, due to cost cuttings because there is a recession. Everything else is natural.