There will always be some cyclical unemployment, with workers looking to change jobs, young people entering the labour market. |
First, there is a profound difference between structural and cyclical unemployment among youth. |
It may lower cyclical unemployment, but at the cost of more structural unemployment. |
Unfortunately for workers, productivity gains may take place during times when cyclical unemployment is high. |
It uses contemporaneous measures of both the cyclical unemployment rate measure and of inflation. |
The Council AGREES that at the current juncture, it is of particular importance to avoid that cyclical unemployment becomes entrenched. |