Growth returns but the unemployment rate keeps rising and that lag can run for a year

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How a shortfall in aggregate demand turns into layoffs: orders drop in spring and headcount falls by autumn Seasonal and cyclical unemployment get blurred together in the raw monthly numbers 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 Full employment is the point where the unemployment rate stops falling and inflation starts moving Keynesian cyclical unemployment in one line: demand collapses and firms cut hours before they cut people Only one of the four textbook unemployment types clears up on its own once growth returns Youth unemployment runs about double the overall rate in good times and bad 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