Community and Government

What Is Cyclical Unemployment? 5 Types of Unemployment

Written by MasterClass

Last updated: Oct 11, 2022 • 4 min read

Economists assert the natural rate of unemployment fluctuation is due to the general progression of the business cycle. Through upturns and downturns, the labor market weathers good times and bad. Learn more about what cyclical unemployment is, how it happens, and how it compares to other types of unemployment.