Unemployment is understood to be that situation in which the public and private sector cannot constantly offer work to the portion of the population that does not have it, either due to the economic situation of the region or problems in supply and demand. Similarly, there are different types of unemployment, such as cyclical, seasonal, frictional and structural, each marked by problems that can affect the economic sector.
Cyclical unemployment, on the other hand, is that which appears when a nation, or a large part of it, falls into periods of recession and disappears when economic and productive expansion begins to develop. It should be noted that the recession is that period, where the economic scope of a country, declines, that is, it decreases considerably. When this enters the scene, the entire system is affected, since basic needs cannot be met within the territory, in addition to the fact that large quantities of products cannot be exported if they are also dependent on them.
The great loss of money make employers decide to reduce your business expenses and most of the time, starting with mass layoffs (the influx of money is much less than the output of the same). One of the reasons why workers are also laid off is because the company may not have enough capital to be able to pay them for the work they do. Countries always seek to protect workers from situations like this, which is why they urge companies to keep the same number of job offers in times of recession.
