Management Notes

Reference Notes for Management

Seasonal Unemployment – Concept, Benefits, Limitations and Examples | Macroeconomics

Seasonal Unemployment

Seasonal Unemployment

A seasonal unemployment situation is when a temporary, regularly occurring phenomenon affects the number of available employment opportunities. Simply put, a seasonal unemployment situation occurs whenever the rate of unemployment rises during a particular season.

There are many reasons for seasonal unemployment, which affects many industries. Generally, the term seasonal refers to the occurrence of an expected and recurring situation, such as the occurrence of a particular weather station or a moment during the year when demand decreases. In order to maintain a low unemployment rate, this seasonal shift in employment figures must be addressed by the government.

Seasonal unemployment works by ensuring that the number of jobs available matches the number of employees an organization needs at various times of the year. During certain seasons, a company might need more employees than it does in other seasons, resulting in seasonal unemployment after the more lucrative season ends. In a season of seasonal unemployment, employees who work in positions that are directly related to a certain time of year or event are laid off and must find new work. Some people respond to seasonal unemployment by transitioning to a new seasonal job each time a season changes so they can continue working seasonal jobs and find employment again quickly.

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