... economy is cyclical unemployment. The media reports the most on this type of unemployment, which is best described by Thoma (2011) as "workers losing their jobs due to business cycle fluctuations in output – that labour is a derived demand, so as production falls, the demand for labour also falls." However, though at one point cyclical unemployment may be high ... four of the previous five." Despite the reports of Commonwealth Bank senior economist Workman as reported by Shwarten et al. (2014) that "the unemployment rate has hit its peak and expects jobs growth to rise," it is unsure ...

• Word Count: 1436
• Approx Pages: 6
• Grade Level: Undergraduate