Cyclical unemployment

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Demand-deficient unemployment

How a shortfall in aggregate demand turns into layoffs: orders drop in spring and headcount falls by autumn Keynesian cyclical unemployment in one line: demand collapses and firms cut hours before they cut people Seasonal and cyclical unemployment get blurred together in the raw monthly numbers Only one of the four textbook unemployment types clears up on its own once growth returns Why rate hikes hit construction and durable goods employment before they touch anything else Cyclical unemployment and frictional unemployment both leave you jobless for months but only one of them needs a stimulus package The worst outcome for cyclical unemployment is a double-dip recession that cuts the same workers twice How the scale of cyclical unemployment differed between the Great Depression and the 2008 crisis When cyclical and structural unemployment overlap do you fix demand first or retrain first Telling structural and cyclical unemployment apart: one is about skills and the other is about orders Cyclical unemployment is read from capacity utilisation and order books rather than from the queue at the job centre An export-led economy hit by a sudden drop in foreign demand amplifies cyclical unemployment fastest Why cyclical unemployment clusters in durable goods: a new car or a new kitchen can always be postponed a year How many jobs can fiscal stimulus actually pull back when the problem is deficient demand Who gets cut first in a recession: cyclical unemployment shows up in housing and autos before anywhere else

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