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.... " 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 whether a growth of 20,000 per month will be enough to sustain the influx of new participants in the labour force...

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• Approx Pages: 6
• Grade Level: Undergraduate