Seasonal unemployment is one of the few types of joblessness that economists don’t necessarily view as a crisis. In fact, it is often expected, planned for, and even built into the structure of certain industries.
You may hear the term in news reports. For example: "The unemployment rate rose to 4.5% in January, but seasonally adjusted figures show the underlying rate remains 4.0%." The 0.5% difference is largely seasonal unemployment (e.g., retail workers laid off after the holidays, construction workers idle due to snow). Is Seasonal Unemployment a Bad Thing? Short answer: Not necessarily. seasonal unemployment definition economics
Unlike cyclical unemployment (caused by a recession) or structural unemployment (caused by a mismatch of skills), seasonal unemployment is . Seasonal unemployment is one of the few types