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AS Macro Key Term: Seasonal Unemployment

Sunday, April 10, 2011
by Geoff Riley

Seasonal unemployment occurs when people are unemployed at certain times of the year, because they work in industries where they are not needed all year round. Examples of industries where demand, production and employment are seasonal include tourism and leisure, farming, construction and retailing. The majority of data for unemployment for the UK is presented as seasonally adjusted so that the impact of regular, predictable seasonal changes in labour demand are adjusted for.

UK and EU unemployment rates (seasonally adjusted)

Data from Timetric.

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Labour Market: UK-International Comparisons from Timetric

 

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